--- title: ACG Blog | David J. Kupstas, FSA, EA, MSEA description: "David J. Kupstas, FSA, EA, MSEA \nChief Actuary" --- [![acg-logo-header.png](https://blog.acgworldwide.com/hs-fs/hubfs/acg-logo-header.png?width=123&name=acg-logo-header.png "acg-logo-header.png")](http://www.acgworldwide.com/) - [Who We Are](http://www.acgworldwide.com/about-acg/) - [Selected Staff Bios](http://www.acgworldwide.com/selected-staff-bios/) - [Culture and Philosophy](http://www.acgworldwide.com/culture-and-philosophy/) - [Advisory Board Members](http://www.acgworldwide.com/advisory-board-members/) - [What We Do](http://www.acgworldwide.com/our-services/) - [Wealth Management](http://www.acgworldwide.com/wealth-management/) - [Investment Advisory](http://www.acgworldwide.com/investment-advisory-services/) - [Third Party Administration](http://www.acgworldwide.com/third-party-administration/) - [Retirement Plan Consulting](http://www.acgworldwide.com/401k/) - [Financial Planning Services](http://www.acgworldwide.com/financial-planning-services/) - [Tax Strategies](http://www.acgworldwide.com/tax-strategies/) - [Who We Help](http://www.acgworldwide.com/our-clients/) - [Businesses](http://www.acgworldwide.com/businesses/) - [Entrepreneurs](http://www.acgworldwide.com/entrepreneurs/) - [Individuals and Families](http://www.acgworldwide.com/successful-individuals-and-families/) - [Foundations and Endowments](http://www.acgworldwide.com/foundations-and-endowments/) - [Press & Resources](http://www.acgworldwide.com/acg-live/) - [Blog](http://www.acgworldwide.com/blog/) - [Company News](http://www.acgworldwide.com/company-news/) - [CBS 6 News Market Briefs](http://www.acgworldwide.com/company-news/bill-fitzgerald-of-cbs-6-news-interviews-with-sandy-wiggins/) - [Monthly Investor Insights](https://blog.acgworldwide.com/topic/monthly-insights) - [Quarterly Commentary](http://www.acgworldwide.com/commentary/) - [Cost of Living Adjustments](http://www.acgworldwide.com/colas-and-limits/) - [Important Disclosures](http://www.acgworldwide.com/acg-live/website-disclosure/) - [Contact Us](http://www.acgworldwide.com/contact-us/) [![Richmond Virginia](https://blog.acgworldwide.com/hs-fs/hubfs/ACG_June2016/images/ACGLogo_KOHi.png?width=280&height=112&name=ACGLogo_KOHi.png "Richmond Virginia")](http://www.acgworldwide.com/) ![banner2.jpg](https://blog.acgworldwide.com/hs-fs/hubfs/ACG_June2016/images/banners/banner2.jpg?width=810&name=banner2.jpg "banner2.jpg") # ACG Blog ## David J. Kupstas, FSA, EA, MSEA ![](https://blog.acgworldwide.com/hubfs/David-Kupstas-square-4.jpg) David J. Kupstas, FSA, EA, MSEA Chief Actuary ### Recent Posts April 03 2023 ## [Contribution Options for Small Cash Balance and Defined Benefit Plans](https://blog.acgworldwide.com/contribution-options-for-small-cash-balance-and-defined-benefit-plans) Posted by [David J. Kupstas, FSA, EA, MSEA](https://blog.acgworldwide.com/author/david-j-kupstas-fsa-ea-msea) in [Retirement](https://blog.acgworldwide.com/topic/retirement), [defined benefit](https://blog.acgworldwide.com/topic/defined-benefit), [cash balance](https://blog.acgworldwide.com/topic/cash-balance) with [No Comments](https://blog.acgworldwide.com/contribution-options-for-small-cash-balance-and-defined-benefit-plans#comments-listing) At the end of the plan year, some of our small cash balance (CB) and traditional defined benefit (DB) clients will contact us wanting to know what “the” contribution is for the previous year, as though there was a single option for what they are requ... January 20 2023 ## [SECURE 2.0: Lots (and Lots) of New Retirement Plan Rules](https://blog.acgworldwide.com/secure-2.0-lots-and-lots-of-new-retirement-plan-rules) Posted by [David J. Kupstas, FSA, EA, MSEA](https://blog.acgworldwide.com/author/david-j-kupstas-fsa-ea-msea) in [401(k)](https://blog.acgworldwide.com/topic/401k), [Retirement](https://blog.acgworldwide.com/topic/retirement), [Financial Planning](https://blog.acgworldwide.com/topic/financial-planning), [defined benefit](https://blog.acgworldwide.com/topic/defined-benefit), [pbgc](https://blog.acgworldwide.com/topic/pbgc), [secure act](https://blog.acgworldwide.com/topic/secure-act), [SIMPLE](https://blog.acgworldwide.com/topic/simple), [IRA](https://blog.acgworldwide.com/topic/ira), [SEP](https://blog.acgworldwide.com/topic/sep), [Roth](https://blog.acgworldwide.com/topic/roth), [SECURE 2.0](https://blog.acgworldwide.com/topic/secure-2-0) with [No Comments](https://blog.acgworldwide.com/secure-2.0-lots-and-lots-of-new-retirement-plan-rules#comments-listing) By now, you have likely heard of the new law called SECURE 2.0. It was passed at the end of 2022 as part of the big omnibus spending bill and contains numerous provisions relating to qualified retirement plans and IRAs. It is a follow-up of sorts to ... December 16 2022 ## [Terminated 401(k) Plans and the “12-Month Rule”](https://blog.acgworldwide.com/terminated-401k-plans-and-the-12-month-rule) Posted by [David J. Kupstas, FSA, EA, MSEA](https://blog.acgworldwide.com/author/david-j-kupstas-fsa-ea-msea) in [401(k)](https://blog.acgworldwide.com/topic/401k), [Retirement](https://blog.acgworldwide.com/topic/retirement), [Financial Planning](https://blog.acgworldwide.com/topic/financial-planning), [successor plan](https://blog.acgworldwide.com/topic/successor-plan), [alternative defined contribution plan](https://blog.acgworldwide.com/topic/alternative-defined-contribution-plan), [plan termination](https://blog.acgworldwide.com/topic/plan-termination) with [No Comments](https://blog.acgworldwide.com/terminated-401k-plans-and-the-12-month-rule#comments-listing) If you’re older than a certain age, you’re familiar with the tagline, “Roaches check in, but they don’t check out.” It’s kind of like that in a 401(k) plan. You can easily check your money in (contribute to the plan), but it can be hard to check it o... November 21 2022 ## [A Guide to SIMPLE IRAs and 401(k)s for TPAs](https://blog.acgworldwide.com/a-guide-to-simple-iras-and-401ks-for-tpas) Posted by [David J. Kupstas, FSA, EA, MSEA](https://blog.acgworldwide.com/author/david-j-kupstas-fsa-ea-msea) in [401(k)](https://blog.acgworldwide.com/topic/401k), [Retirement](https://blog.acgworldwide.com/topic/retirement), [Financial Planning](https://blog.acgworldwide.com/topic/financial-planning), [Third Party Administration](https://blog.acgworldwide.com/topic/third-party-administration), [TPA](https://blog.acgworldwide.com/topic/tpa), [SIMPLE](https://blog.acgworldwide.com/topic/simple), [IRA](https://blog.acgworldwide.com/topic/ira), [SEP](https://blog.acgworldwide.com/topic/sep), [Roth](https://blog.acgworldwide.com/topic/roth) with [No Comments](https://blog.acgworldwide.com/a-guide-to-simple-iras-and-401ks-for-tpas#comments-listing) Note: The SECURE 2.0 Act of 2022 made several changes to the rules related to SIMPLEs. Accordingly, some of the information in this article may be outdated. In the retirement plan world, SIMPLE stands for Savings Incentive Match PLan for Employees. T... October 28 2022 ## [Qualified Plan and Social Security Limits to Rise by Record Amounts in 2023](https://blog.acgworldwide.com/qualified-plan-and-social-security-limits-to-rise-by-record-amounts-in-2023) Posted by [David J. Kupstas, FSA, EA, MSEA](https://blog.acgworldwide.com/author/david-j-kupstas-fsa-ea-msea) in [401(k)](https://blog.acgworldwide.com/topic/401k), [defined contribution](https://blog.acgworldwide.com/topic/defined-contribution), [defined benefit](https://blog.acgworldwide.com/topic/defined-benefit), [irs](https://blog.acgworldwide.com/topic/irs), [pbgc](https://blog.acgworldwide.com/topic/pbgc), [social security](https://blog.acgworldwide.com/topic/social-security), [retirement plan](https://blog.acgworldwide.com/topic/retirement-plan), [qualified plan](https://blog.acgworldwide.com/topic/qualified-plan) with [No Comments](https://blog.acgworldwide.com/qualified-plan-and-social-security-limits-to-rise-by-record-amounts-in-2023#comments-listing) When the new Social Security benefit amounts and qualified retirement plan limits are announced in early fall each year, usually not all of them will rise in any given year because of how the limits are rounded down to the next lower multiple. Due to... February 25 2022 ## [Buying the Dip: Making Qualified Plan Contributions Early](https://blog.acgworldwide.com/buying-the-dip-making-qualified-plan-contributions-early) Posted by [David J. Kupstas, FSA, EA, MSEA](https://blog.acgworldwide.com/author/david-j-kupstas-fsa-ea-msea) in [401(k)](https://blog.acgworldwide.com/topic/401k), [defined contribution](https://blog.acgworldwide.com/topic/defined-contribution), [defined benefit](https://blog.acgworldwide.com/topic/defined-benefit), [defined benefit funding](https://blog.acgworldwide.com/topic/defined-benefit-funding), [deductions](https://blog.acgworldwide.com/topic/deductions) with [No Comments](https://blog.acgworldwide.com/buying-the-dip-making-qualified-plan-contributions-early#comments-listing) The stock market has been up and down throughout 2022 so far – more down than up. A number of qualified retirement plan clients have asked us about making their 2022 plan year contributions early, the goal being to “buy the dip.” November 05 2021 ## [Big Jump for Qualified Plan Limits and Social Security in 2022](https://blog.acgworldwide.com/big-jump-for-qualified-plan-limits-and-social-security-in-2022) Posted by [David J. Kupstas, FSA, EA, MSEA](https://blog.acgworldwide.com/author/david-j-kupstas-fsa-ea-msea) in [401(k)](https://blog.acgworldwide.com/topic/401k), [defined contribution](https://blog.acgworldwide.com/topic/defined-contribution), [defined benefit](https://blog.acgworldwide.com/topic/defined-benefit), [irs](https://blog.acgworldwide.com/topic/irs), [pbgc](https://blog.acgworldwide.com/topic/pbgc), [social security](https://blog.acgworldwide.com/topic/social-security), [retirement plan](https://blog.acgworldwide.com/topic/retirement-plan), [qualified plan](https://blog.acgworldwide.com/topic/qualified-plan) with [No Comments](https://blog.acgworldwide.com/big-jump-for-qualified-plan-limits-and-social-security-in-2022#comments-listing) As a result of higher increases to the Consumer Price Index in 2021 than have been seen in recent years, Social Security benefits and qualified retirement plan limits will rise significantly in 2022, according to recent announcements from the IRS and... October 28 2021 ## [Ten Pension Terms That Make You Go Hmmmm...](https://blog.acgworldwide.com/ten-pension-terms-that-make-you-go-hmmmm) Posted by [David J. Kupstas, FSA, EA, MSEA](https://blog.acgworldwide.com/author/david-j-kupstas-fsa-ea-msea) in [401(k)](https://blog.acgworldwide.com/topic/401k), [defined contribution](https://blog.acgworldwide.com/topic/defined-contribution), [defined benefit](https://blog.acgworldwide.com/topic/defined-benefit), [pension](https://blog.acgworldwide.com/topic/pension) with [No Comments](https://blog.acgworldwide.com/ten-pension-terms-that-make-you-go-hmmmm#comments-listing) All industries have their own lingo. The pension industry is no different. No one would expect someone who doesn’t work in the field to readily know what “AFTAP,” “SB,” “11(g),” or “rate group” mean. August 12 2021 ## [No 2020 Form 5500 Needed for Retroactive Qualified Plans](https://blog.acgworldwide.com/no-2020-form-5500-needed-for-retroactive-qualified-plans) Posted by [David J. Kupstas, FSA, EA, MSEA](https://blog.acgworldwide.com/author/david-j-kupstas-fsa-ea-msea) in [401(k)](https://blog.acgworldwide.com/topic/401k), [Retirement](https://blog.acgworldwide.com/topic/retirement), [defined benefit](https://blog.acgworldwide.com/topic/defined-benefit), [secure act](https://blog.acgworldwide.com/topic/secure-act), [form 5500](https://blog.acgworldwide.com/topic/form-5500) with [No Comments](https://blog.acgworldwide.com/no-2020-form-5500-needed-for-retroactive-qualified-plans#comments-listing) The IRS has announced that, for qualified retirement plans adopted in 2021 retroactive to the 2020 plan year, a 2020 Form 5500 will not be required. May 21 2021 ## [RMDs for Beneficiaries in Qualified Retirement Plans](https://blog.acgworldwide.com/rmds-for-beneficiaries-in-qualified-retirement-plans) Posted by [David J. Kupstas, FSA, EA, MSEA](https://blog.acgworldwide.com/author/david-j-kupstas-fsa-ea-msea) in [401(k)](https://blog.acgworldwide.com/topic/401k), [Retirement](https://blog.acgworldwide.com/topic/retirement), [RMD](https://blog.acgworldwide.com/topic/rmd), [70 1/2](https://blog.acgworldwide.com/topic/70-1-2), [death](https://blog.acgworldwide.com/topic/death), [required minimum distribution](https://blog.acgworldwide.com/topic/required-minimum-distribution), [beneficiary](https://blog.acgworldwide.com/topic/beneficiary), [secure act](https://blog.acgworldwide.com/topic/secure-act), [nonspouse](https://blog.acgworldwide.com/topic/nonspouse) with [No Comments](https://blog.acgworldwide.com/rmds-for-beneficiaries-in-qualified-retirement-plans#comments-listing) When an employee in a qualified retirement plan dies, the employee’s account balance has to be distributed to the beneficiary at a certain rate over a certain timeframe. The money cannot stay in the plan forever. What is that timeframe? When do distr... 1 [2](https://blog.acgworldwide.com/author/david-j-kupstas-fsa-ea-msea/page/2) [3](https://blog.acgworldwide.com/author/david-j-kupstas-fsa-ea-msea/page/3) [4](https://blog.acgworldwide.com/author/david-j-kupstas-fsa-ea-msea/page/4) [5](https://blog.acgworldwide.com/author/david-j-kupstas-fsa-ea-msea/page/5) ... 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All Rights Reserved. ACG Wealth Management is a registered investment advisor with the Securities & Exchange Commission. If you would like to receive a copy of Form ADV, Part II please feel free to contact us at (804) 323-1886 or webmaster@acgwealthmanagement.com. [Important Disclosures](http://www.acgworldwide.com/acg-live/website-disclosure/)