This article has been updated for 2024. Introduction Saber Pension has discussed Defined Benefit Plans as a guest on several podcasts. In this post, we have provided the Defined Benefit Plan podcast transcripts and access to the full shows. Note that we have made minor edits to the transcripts for readability purposes. For your convenience, […]
This article has been updated for 2024. Introduction Practitioners use Defined Benefit Plan compensation for many elements of administration. This article explains, at a high level, how your Defined Benefit Plan actuary and third party administrator will define and use compensation for your Defined Benefit Plan. Defined Benefit Plan Compensation The owner’s Defined Benefit Plan […]
This article has been updated for 2024. Defined Benefit Plan Due Dates Defined Benefit Plans have several deadlines. To receive favorable tax treatment and avoid penalties, you must meet these due dates in a timely fashion. What deadlines must you be aware of with a Defined Benefit Plan? We discuss these deadlines below in more […]
This article has been updated for 2024. If you have a Defined Benefit Plan, it may be covered by the PBGC. What is the PBGC? How does PBGC coverage impact your Defined Benefit Plan? We will answer these and other questions in this article. What Is the PBGC? The Pension Benefit Guaranty Corporation (“PBGC”) is […]
This article has been updated for 2024. What Is the Schedule SB? The Schedule SB is an attachment to the Form 5500 series. The schedule reports the funding adequacy of the Defined Benefit Plan. An Enrolled Actuary must certify the figures on the form. Importantly, the Schedule SB does not show the maximum deductible contribution. […]
