RMC Group announces that George Evenson, Vice President of Pensions, will retire effective June 1, 2017. We are also happy to announce that George has agreed to remain as a consultant to RMC Group and its clients on a part-time basis after his retirement.
A 412(e)(3) Plan is a defined benefit pension plan guaranteed with insurance company annuity and life insurance contracts. A 412(e)(3) Plan is also known as a “fully insured defined benefit plan”.
Click here to see a list of frequently asked questions regarding a 412(e)(3) Plan.
RMC Group, a consortium of leading insurance and actuarial consulting firms, announced its expansion into international operations in the United Kingdom, and Ryan S. Mitchell has been named President of European Operations. As of June 1, 2017, Mr. Mitchell will be working out of RMC’s London office, coordinating and overseeing RMC’s European reinsurance operations. Today we celebrated Ryan and his accomplishments with a luncheon to wish him luck in London.
Colin Hurley has been promoted to Vice President of Marketing and Sales.
On February 3, 2017, President Trump instructed the Secretary of Labor to review the effect of the Fiduciary Duty Rule on the ability of Americans to obtain retirement information and financial advice. If the Secretary determines that the Fiduciary Duty Rule adversely affects the ability of Americans to obtain such information and advice, then the Secretary is further instructed to recommend a proposed rule either rescinding or revising the Fiduciary Duty Rule. Any proposed rule rescinding or revising the Fiduciary Duty Rule would be subject to the same notice
On December 29, 2016, the Internal Revenue Service (IRS) released Notice 2017-08, which extends the deadline for filing Form 8886 and Form 8918 in connection with “micro-captive transactions” to May 1, 2017. Click here for a copy of Notice 2017-08.
Everyone loves a good New Year’s Eve party! The best part is watching the ball drop as we say goodbye to the old year and welcome the new. Planning ahead will help ensure that your New Year starts out right. Here are some simple safety tips for attending or hosting a New Year’s celebration.
Each year, the IRS sets limits for pension plans. These limits are reviewed annually and adjusted for inflation. The following are some important limits in effect for 2017:
Pensions have key dates for filing and disclosures that a plan trustee should be aware of. We have produced a printer friendly PDF version of the important 2017 Pension Dates to Remember.
Click here for a copy of the 2017 dates.
Qualified retirement plans offer many different investment options. One option, which is often overlooked, is life insurance. Under the right circumstances, life insurance can be an attractive investment option for a qualified retirement plan.