Why would I want to file my plan with the IRS to request a favorable determination letter? The IRS does not require that a plan file for a favorable determination letter (FDL). However, there are a couple of reasons that support the decision to file for an [...]
Pat Scahill General Counsel & Principal
What is a substantiation and when are they necessary for an FSA? When using the debit card feature in your Flexible Spending Account (FSA), the employer sets up certain co-pays for prescriptions and office visits. This varies from company to company. If [...]
Clare Chambers Administrator
IRS Releases Revised Correction Program for Retirement Plans The IRS has updated its voluntary correction program for retirement plans, Employee Plans Compliance Resolution System (EPCRS), in Revenue Procedure 2013-12. Below are some highlights of the new Program. Making [...]
Mike Kiley Consultant
How often should organizations conduct a compensation impact study? Once you have performed a thorough salary survey analysis to set up a pay structure, it needs to be reviewed periodically. We recommend you review your compensation pay structures and [...]
Lin Ball Director of West Coast Operations
Nyhart is one of the nation’s largest independent actuarial and employee benefit firms, consulting to retirement clients with $15+ billion in plan assets.
Our team of advisers delivers personalized analysis and recommendations, translating complex calculations and issues into common language that enables corporations, associations, churches and governments to effectively manage their retirement and health care benefits.
Established in 1943, Nyhart is an ESOP with offices in Indianapolis, Chicago, Atlanta, Kansas City, St. Louis and San Diego.