Monthly Archives: June 2011

Common Retirement Plan Deduction Pitfalls

June 27, 2011 – 8:30 am

Most large retirement plans don’t worry about the maximum pension deduction limit because the plan benefits (and related contributions) are often well below the IRS limits. However, small- and medium-sized retirement plans can unknowingly run into the limits. This post summarizes important deduction pitfalls to be aware of. Self-employment “earned income” limit [§404(a)(8)]. For self-employed […]

By Mark Schulte | Posted in Cash balance plans, Defined benefit plans, Defined contribution plans, Private pensions | Tagged , , , , , | Comments (1)

IRS Releases 2009 Form 8955-SSA and Extends Filing Due Date

June 21, 2011 – 1:46 pm

The IRS finally released the 2009 Form 8955-SSA used for reporting participants with deferred vested pension benefits. They also extended the deadline for the 2009 and 2010 filings from August 1, 2011 to January 17, 2012.  Here are links to: 2009 Form 8955-SSA (fill-in the box version) Instructions for Form 8955-SSA Employee Plans News with […]

By Mark Schulte | Posted in Defined benefit plans, Defined contribution plans, Private pensions | Tagged , , , , , , | Comments (0)

Better Late Than Never: IRS Releases 2010 Form 5500-EZ

June 15, 2011 – 4:20 pm

The 2010 Form 5500-EZ (with instructions) is now available for “one-participant” retirement plans. Sponsors and practitioners have waited months for the release of these forms. The filing deadline is July 31, 2011 (without extensions) for calendar year plans, or 2 1/2 months later with extensions. The documents are available here: 2010 Form 5500-EZ 2010 Form […]

By Mark Schulte | Posted in Defined benefit plans, Defined contribution plans, Private pensions | Tagged , , , | Comments (0)

Pension Plan Termination Investment Strategies

June 8, 2011 – 11:29 am

During the plan termination process, one issue often overlooked is the consequences of investment risk prior to paying out benefits. This can lead to disastrous results. Benefits may be fully-funded when the termination decision is made, but significant contributions will be required if assets are not invested conservatively and a market downturn occurs prior to […]

By Mark Schulte | Posted in Defined benefit plans, Investments, LDI, PBGC, Private pensions | Tagged , , , , | Comments (0)
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