Defined-Benefit Plans – Recent Report of Deficits

Lately I’ve run across several articles in the news that give a gloomy outlook for pension plans, including the State of Arizona’s Public-Pensions.  According to a recent report in the Arizona Republic, tightening budgets and poor investment performance have some wondering if the funds can continue to meet their obligations to retirees.  Citing a new …

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IRS Compliance Testing: ADP/ACP Test

In order to ensure that employee benefit plans do not violate certain standards that the DOL/IRS believe are important, plans must be subjected to numerous compliance tests annually.  These tests are designed to ensure that the amount that employees are deferring is within certain maximum limits and that plans are not operating is a manner …

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