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INDUSTRY Resources

The (Former) SFAS 106 And GASB 45 II

In part 1 of this series on the experience subsidy, we looked at how premium rates are set. Today we are going to look at another one of the facts of life: aging. Everybody does it, and each year we are all another year older.
As we get a little older every year we get a little bit less healthy. As our health decreases, our healthcare expenses increase.

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The (Former) SFAS 106 And GASB 45

Even on their best days, FASB and GASB accounting rules can be hard. These are complex, jargon filled documents that outline rules for recognizing expenses that are often quite esoteric. And sometimes, what seem like minor changes can result in drastic shifts in liabilities and unexpected expenses.

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Multiple Employer Plans: is Now the Time to Join?

Multiple employer retirement plans are not a new concept, but have been in the industry for quite some time…..

The idea is very engaging…’s a way to leverage the strength and buying power of multiple employers, by allowing them to purchase a broader depth of services at institutional pricing.

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Brian J. Schiedel

Principal – Retirement Plan Consulting

Brian Schiedel is responsible for monitoring daily valuation recordkeeping services, ensuring that transactions meet strict procedural guidelines, and providing compliance and other consulting services for Burke Group’s retirement plan clients. He serves as the direct Relationship Manager for more than 30 retirement plans.

Prior to joining Burke Group, he obtained his bachelor’s degree in management science from the State University of New York at Geneseo. He has also obtained the Qualified 401(k) Administrator (QKA) designation through the American Society of Pension Professionals and Actuaries (ASPPA).