Kevin Donovan
By Kevin Donovan 7/1/2019
The 2019 ACOPA Symposium will be held in Chicago on Aug. 9-10. The 2019 Symposium is the 14th such event, almost all of which have been held in Chicago. (I can think of few cities in this country I’d rather visit in the summer than Chicago!)
The first Symposium was held on Aug. 18-19, 2006; as...
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By Kevin Donovan 5/11/2018
At this year’s Enrolled Actuaries meeting, we presented a session on “DC Plan Issues When Combined with DB Plans.” This session focused on what we considered to be issues that should be thought about when designing and operating DB/DC combos. Following are a few of our suggestions.
Plan Aggregation...
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The final Section 430 regulations provided clarity on the ordering of contributions. Treas. Reg. 1.430(j)-1(b)(3)(iii)(B) provides: “(B) Designation of plan year if no unpaid minimum contribution. In the case of a contribution described in paragraph (b)(3)(ii) of this section, the designation is...
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By Kevin Donovan 2/17/2016
As we are all aware, the issue of compensation for self-employed (SE) persons at times results in circular calculations. In general, compensation for such persons is their net income from self-employment, less the deduction for one half of the self-employment tax, less the deductions for employer...
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This article originally appeared in the Summer 2014 issue of Plan Consultant. To view a PDF version, please click here.When a solo practitioner is looking for a way to defer taxes, often his or her advisor will recommend adopting a defined benefit plan. This can result in significant taxes savings...
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