Reordered Single Employer funding topics
I am currently recording the videos for 430(j), 436 and 404(o).
I decided to change the order of the topics so that 430(j) follows 430(i). Then 436 will follow 430, and finally will be 404(o).
I am currently recording the videos for 430(j), 436 and 404(o).
I decided to change the order of the topics so that 430(j) follows 430(i). Then 436 will follow 430, and finally will be 404(o).
You may find these helpful to understand how the minimum funding rules differ between single employer plans (IRC 430 and 436) and multiple employer plans (IRC 431 and 432):
Draft of Schedule SB for single employer plans
I had hoped to upload more presentations to the web site this week. But Murphy’s law got me. Now I fly to Seattle for a few days.
I’ve just recovered from a hard disk failure that occurred on Thursday. The timing was “perfect”, since I had made way too many changes to the files on PPA 2006. The software I used to recover the data partitions screwed up everything else, so I couldn’t restore my June 10 backups.
The EA-2A exam syllabus has grown considerably. In 2006, it included these areas:
The Pension Protection Act of 2006 was passed into law in August 2006. This year, the syllabus has been expanded to include these topics:
I’ve been busy writing up the new materials for the fall EA-2A seminar. It is a bit challenging, since the Joint Board has not yet released the details of exactly what will be on the exam. It is possible that the exam syllabus may not include IRC 432 and IRC 436.
I’ve attached a copy of the Spring 2007 Joint Board Announcement. There is a short blurb on page 3 and page 21 about the changes:
Spring 2007 Joint Board Announcement
“The syllabus, suggested readings and general conditions below are representative of those for past examinations, but will be revised substantially to reflect changes under PPA 2006.”
“Rick G” is Rick Groszkiewicz. It is pronounced grosh-kev-yitch. This is a Polish name, which is why my company name is Software Polish.
I have been teaching the enrollment exam seminars since 1983(!) I am a Fellow of the Society of Actuaries, an Enrolled Actuary, a member of the American Society of Pension Actuaries, and a member of the College of Pension Actuaries.
I’ve worked in software development since 1983, on defined benefit pension plans. Current software development is done primarily with Visual Basic version 6.0. I do very small consulting projects for actuarial firms.
My main business activity is teaching the EA seminars. I teach EA-1 and EA-2B seminars in the spring. I will do an online seminar for EA-2B in 2008.
Rick’s first videos (an introductory overview of the exam) have been posted. They are available as free samples. Go here to view them.