David J. Kupstas, FSA, EA, MSPA

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

Recent Posts

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...

June 19 2019

Participant Loan Basics

Participant loans are a popular feature of 401(k)s and other qualified retirement plans. It is safe to say that if employees didn’t have the ability to borrow from their retirement account when times were tough, some number of these employees simply ...

April 17 2019

IRS Reverses Position on Retiree Lump Sum Windows

In a somewhat surprising reversal of guidance issued four years ago, the IRS announced recently that it is okay to offer retirees and beneficiaries who are currently receiving annuity payments under a defined benefit plan a temporary option to elect ...

February 13 2019

Deadlines for 401(k) Contributions and How to Fix Late Deposits

Taking too long to deposit an employee’s salary deferral contributions into a 401(k) plan is a big no-no. We hear all kinds of excuses why plan sponsors take too long to make their deposits. Reasonable as they may sound to the person making them, the...

January 09 2019

What Is a Cash Balance Plan?

Our firm provides third party administrative services for both defined benefit (DB) and defined contribution (DC) plans. There is a type of plan called “cash balance” that sort of falls in between. While they are technically DB plans, they have some ...

November 14 2018

Can You Have a Maximum DB Plan Without Much Current Compensation? Yes, SIR!

It is generally the case that the more compensation one earns, the bigger the contributions and benefits he may receive from a qualified retirement plan. The limits on salary deferrals in 401(k) plans, annual additions in defined contribution plans, ...

November 07 2018

Qualified Plan, IRA and Social Security Limits Announced for 2019

The IRS, Pension Benefit Guaranty Corporation (PBGC) and Social Security Administration (SSA) have announced 2019 contribution and benefit limits and other numbers of interest. Many of these can be found here. Most limits and thresholds will see mode...

September 19 2018

Is Your Employer Cheating You on Your Pension Lump Sum?

I took a call recently from an employee participating in a defined benefit pension plan that is being terminated. As part of the plan termination, the employee had been offered a lump sum buyout. He could take either a monthly pension or a single lum...

August 22 2018

Make Defined Benefit Plan Contributions By September 15, 2018 Even Though It’s a Saturday

You might be aware that if the due date for a tax return occurs on a weekend or holiday, that due date is moved to the next business day. This has happened a couple of times in recent years with the dreaded April 15 due date for personal tax returns ...

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