Year: 2013

TIAA-CREF Plan Documents – Cat Fishing?

June 20, 2013

Recent articles brought to my attention the phrase “cat fishing” which means wishful thinking or realizing that something is not what you originally thought.

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403(b) Plans: Universal Availability Exclusions

June 06, 2013

403(b) plans are known for the universal availability requirement. Everyone is encouraged to make salary deferral contributions, except for a few types of employees who can be excluded, as follows:

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How to Scratch that Match

May 23, 2013

Posted by Saaib Uppal, CPA As discussed in one of our previous blog entries, the IRS updated its regulations in 2009 to allow for the reduction and/or the suspension of safe harbor non-elective contributions if certain situations are in play. But, what should be the course of action for the employer who wishes to reduce/suspend a … Continued

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A Primer on Forms of Distribution – Questions at Funerals

May 09, 2013

In my previous two blogs, I discussed qualified plan distribution options for my cousin Mike, my contemporary, and my Aunt Mary, a Baby Boomer.

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A Primer on Forms of Distribution – Questions from Those Approaching or At Retirement Age

April 25, 2013

In my previous blog, I discussed how my cousin Mike could receive a hardship distribution or a terminating distribution, even though he would not be able to avoid the early distribution penalty.

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A Primer on Forms of Distribution – Questions from Younger Family Members

April 11, 2013

I grew up in a small family, but my sister and I enjoy a large extended family that always gathers for every celebration, large or small. Being an accountant at these gatherings […]

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Compensation: The Missing Link – Part 2

March 27, 2013

My previous blog, Compensation: The Missing Link – Part 1, stressed the importance of ascertaining a solid link between the definition of compensation in the plan document and the one used operationally.

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Compensation: The Missing Link – Part 1

March 12, 2013

Compensation, you might think, should be easy to quantify. However, in a retirement plan, determining compensation can actually be quite complex.

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Three Strikes and You’re Out (of money!)

February 14, 2013

Similar to ‘three strikes and you’re out’ in baseball, there is little opportunity in life to get multiple chances for a pardon.

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Protect Your Retirement

February 01, 2013

With the fiscal cliff negotiations behind us and impending federal tax reform legislation, Congress will now turn its attention to the debt ceiling and federal spending.

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Belfint Lyons Shuman is a Certified Public Accounting (CPA) firm that audits Defined contribution plans (profit-sharing, 401(k), 403(b) , 401(a), 457(b))), and Defined benefit plans (pension and cash balance), and Health and welfare plans. We serve a variety of plan sponsors including for-profit, nonprofit, governmental, and Taft-Hartley collectively-bargained plans located in Delaware, Pennsylvania, New Jersey, Maryland, Washington, D.C., Virginia, Massachusetts, and nationally. For additional information contact us at