David J. Kupstas, FSA, EA, MSEA

David J. Kupstas, FSA, EA, MSEA Chief Actuary

Recent Posts

July 08 2020

IRS Issues Further Details on Distributions and Plan Loans Under CARES Act

The CARES Act, signed into law on March 27, 2020, allows employees affected by COVID-19 greater access to money set aside for them in employer retirement plans.  As often happens, many details of this new law were not immediately clear.  We found our...

June 24 2020

Last Recipient of a Civil War Pension Dies Recently at 90

The last person to be receiving a Civil War-era pension has died. Irene Triplett, of Wilkesboro, NC, died on May 31 at the age of 90 due to complications from having fallen a few days earlier, according to the Washington Post and other news outlets. ...

April 22 2020

Coronavirus and Defined Benefit Plan Funding

This article is part of our continuing series on the coronavirus and its effects on qualified retirement plans.  Recently, we wrote about ways employees affected by the coronavirus could access money from their retirement plans.  Today, we are discus...

March 23 2020

Options for Accessing Retirement Plan Money Amid COVID-19 Outbreak

Amid the coronavirus (COVID-19) scare, we are getting reports that our clients are imposing layoffs, furloughs, and temporary shutdowns.  It makes sense; if people aren’t coming to your business, there’s no work for the employees to do and no money t...

February 06 2020

Issues with Independent Contractors and Pension Plans

A number of our retirement plan clients have independent contractors performing services for them.  There are often questions about whether these independent contractors can or should be covered in the company retirement plan.  The answer can be boil...

December 11 2019

The Pros and Cons of the Elapsed Time Method

Qualified retirement plans have a number of weird rules.  One of them is that sometimes one year doesn’t equal a year.  For instance, under the traditional hours of service crediting method, an employee can earn a year of vesting service in as little...

November 08 2019

New Qualified Plan Limits and Social Security Adjustments for 2020 Announced

Retirees receiving Social Security will see a small benefit increase in 2020.  Savers in qualified retirement plans (but not IRAs) will have the ability to put a bit more money away in 2020.

October 16 2019

What Is the REAL Deadline for Making Plan Contributions?

When it comes to depositing employer contributions into qualified retirement plans, we are often asked what the deadline is for making these contributions.  Believe it or not, that is not an easy question to answer.  I suppose one way to look at it i...

August 21 2019

How to Fix a Participant Loan

Recently, we shared the basic rules related to participant loans in qualified retirement plans.  From time to time, there will be loans that are not in compliance with one or more of these rules.  What happens then?  Is there a fix?  Today, we will g...

July 10 2019

When Cross-Tested Plans Become Integrated Plans

Many 401(k) and profit sharing plans are set up to be cross-tested plans. (Most of those that aren't probably should be.) There are times, however, when using cross-testing is not the best way to satisfy the nondiscrimination rules. Sometimes, you mi...

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