See our recap of November's key statistics and market commentary below. Noteworthy Numbers 20.81The spot price for a barrel of crude oil fell by 20.81% in the month of November after hitting multiyear highs the previous month, due to concerns about ...
November
05
2021
Big Jump for Qualified Plan Limits and Social Security in 2022
Posted by David J. Kupstas, FSA, EA, MSEA
in 401(k), defined contribution, defined benefit, irs, pbgc, social security, retirement plan, qualified plan
with No Comments
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...
November
02
2021
See our recap of August's key statistics and market commentary below. Noteworthy Numbers 10.94 The leading sector in the S&P 500 for October was Consumer Discretionary, with a 10.94% return. 9.53 The S&P 500 closed at a new all-time high on ...
October
28
2021
Ten Pension Terms That Make You Go Hmmmm...
Posted by David J. Kupstas, FSA, EA, MSEA
in 401(k), defined contribution, defined benefit, pension
with No Comments
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.
October
04
2021
See our recap of August's key statistics and market commentary below. Noteworthy Numbers -4.65 The S&P 500 Total Return had a -4.65% return in the month of September, its first negative return since January. The index is positive 15.92% year-to-...
September
01
2021
See our recap of August's key statistics and market commentary below. Noteworthy Numbers 50 Bitcoin topped $50,000 in August before finishing the month at $47,070. The flagship cryptocurrency (along with many other digital coins) has been on an impr...
August
12
2021
No 2020 Form 5500 Needed for Retroactive Qualified Plans
Posted by David J. Kupstas, FSA, EA, MSEA
in 401(k), Retirement, defined benefit, secure act, form 5500
with No Comments
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.
August
02
2021
See our recap of July's key statistics and market commentary below. Noteworthy Numbers -8.27% The energy sector was the worst performer in July, losing 8.27%. The decline was due both to the fears of future lockdowns caused by the Delta variant of C...
July
01
2021
See our recap of June's key statistics and market commentary below. Noteworthy Numbers 14.6% The S&P Corelogic Case-Shiller home price index showed a year over year increase in home prices of 14.6% in April. This is the highest reading since th...