Burke Group’s Plan Sponsor and Participant Websites Again Earn “Communications Excellence” Seal
Burke Group’s Plan Sponsor and Participant Websites Again Earn “Communications Excellence” Seal
ACCESS MY ACCOUNT: Plan ParticipantPlan Sponsor
Uncategorized
A Guide to Using SharePoint
A first time user’s guide for accessing Burke Group’s secure SharePoint portal for data submissions by actuarial customers.
2022 employee benefit limitations
The IRS has announced the following cost of living adjustments applicable to dollar limitations for pension plans.
2021 employee benefit limitations
The IRS has announced the following cost of living adjustments applicable to dollar limitations for pension plans.
Single Employer Pension Relief in the COVID-19 Rescue Bill
On March 11, 2021, President Biden signed the American Rescue Plan Act of 2021 (“ARPA”) into law. The overall purpose of the bill is to provide relief from the economic impacts of the COVID-19 pandemic. As the fifth round of COVID relief, ARPA is a sprawling bill which impacts many employer-provided benefits, including a large bail-out of multiemployer pension plans, changes to COBRA premium assistance, increased support for ACA premiums, paid sick and family leave credits, dependent care assistance, and section 162(m) changes, among others.
2019 employee benefit limitations
The IRS has announced the following cost of living adjustments applicable to dollar limitations for pension plans.
Is your Employer protecting the privacy of your 401(k) participant data?
Expect no privacy of your personal data in your 401(k), as Wall Street continues to rip off 401(k) participants through the charade of “Service Provider”, while acting as Product Peddler to fatten their profits. Many employees are confident that their health records are kept private, because the Health Insurance Portability and Accountability Act (HIPAA) ensures that strict rules are followed by all those who handle these records.
2018 employee benefit limitations
The IRS has announced the following cost of living adjustments applicable to dollar limitations for pension plans.
Move over GASB 45, here comes GASB 75
In 2008 the Governmental Accounting Standards Pronouncement number 45 (“GASB 45”) went into effect. Since then we’ve seen some changes in actuarial practice, but no significant changes to the accounting guideline itself. But with 2017 that changes, as GASB 45 is being eliminated and replaced with a new standard, GASB 75.
Avoid Unwanted Surprises With Quality Benefit Plan Audits
The U.S. Department of Labor conducted a 2015 study of the quality of Employee Benefit Plan (EBP) Audits for the 2011 filing year. They looked at who audits EBPs, the size of CPA firms performing them, the proportion of each CPA practice devoted to them and the overall quality of audits performed. In doing so, they found that 61% of the audits performed were in line with Generally Accepted Auditing Standards (GAAS). However, 39% of the audits contained major deficiencies which could jeopardize plan qualification and result in rejection of Form 5500.