Richard Kutikoff

By Richard Kutikoff 9/12/2018

FASB has announced changes to the disclosure requirements for pension and other (OPEB) plans. Several items were removed; several were added. These changes are generally effective for 2021 (2022 for nonpublic entities), although earlier adoption is permitted. There are no changes in the methodology... READ MORE

What Expenses Can Be Paid from Plan Assets?

By Richard Kutikoff 7/16/2018

Plan sponsors sometimes wonder what expenses can be paid from retirement plan assets and what expenses must be paid from business assets. (Here, we will consider the plan sponsor and plan administrator to be identical.) The Department of Labor has provided some guidance to answer this question.... READ MORE

The Advisor Took the Money and Ran

By Richard Kutikoff 5/16/2017

It’s Friday at 4:59 p.m. and you answer the phone; it’s your client Fred. He’s a good client; he owns Fredco, a construction firm with 20 full-time employees who have been with him for many years. His pension plan has assets of about $1 million and a funding target of about $1.1 million. Fredco is... READ MORE

Takeover from Prior Actuary

By Richard Kutikoff 10/12/2016

Editor’s note: This is the second of a two-part series on takeovers. Part 1, “Losing a Client to a New Actuary,” explores the best and worst practices in working with the new actuary when you are the old actuary. Part 2 looks at the other side of the coin — the best and worst practices in working... READ MORE

Losing a Client to a New Actuary

By Richard Kutikoff 9/12/2016

Editor’s note: This is the first of a two-part article about the best and worst practices in working with the new actuary when you are the old actuary. Part 2 will appear in the October ACOPA Monthly.It’s Friday at 4:59 p.m. and you see the following email from your client: "Dear Mr. Actuary: You... READ MORE

The Ethical Actuary

By Richard Kutikoff 9/4/2015

This article originally appeared in the Summer 2014 issue of Plan Consultant. To view a PDF version, please click here.If you’re not losing sleep because of ethical concerns, you probably have ethical problems. All right, perhaps that statement is a bit too strong, but nonetheless…The daily choices... READ MORE

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Richard Kutikoff

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