Employer Update is a periodic update provided to employers, circulated by USI Consulting Group.

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October 2009 “IRS Releases Final Regulations on Pension Funding Issues and Benefit Restrictions” Last month, USI Consulting Group distributed a Client Bulletin announcing that the IRS issued guidance providing relief in valuing defined benefit plan liabilities for plan years commencing in 2010...

August 2009 “Retirement Plan Compliance Calendar: July - December 2009” Retirement plan sponsors are responsible for compliance with many reporting, disclosure and notice requirements. This Retirement Plan Compliance Calendar summarizes the major requirements that apply to calendar year Defined Benefit ("DB") and Defined Contribution ("DC") plans for the remainder of 2009...

May 2009 “Ten Reasons to Review 401(k) Plan Fees, Services & Investments” Exploring the possibility of expense reductions makes sense in 2009. What may be surprising are the other inherent advantages in a 401(k) plan review. The list below highlights ten reasons for employers and plan fiduciaries to complete an evaluation of their 401(k) plan early this year...

April 2009 "IRS Permits Additional Flexibility in Choosing Funding Interest Rates" On March 31, 2009, the IRS released technical guidance in selecting interest rates for determining ERISA defined benefit plan Funding Liability and Target Normal Cost...