Author Archive | Bill Sheffler

October 2015

A Plan Fiduciary’s Responsibilities Many employers establish retirement plans without being fully aware of their fiduciary responsibilities. It is imperative to know whether you are a fiduciary and, if so, what your responsibilities are because there are risks for the unwary. A fiduciary that breaches any obligation or duty can be held personally liable to […]

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August 2015

The IRS is Back with Some Brand New Corrections Let’s face it. Finding out that the IRS wants to poke around is not going to be the highlight of anyone’s day. Voluntarily admitting a mistake to the IRS and asking for forgiveness is probably even lower on the wish list! So hearing about new voluntary […]

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July 2015

The Right Combination for Your Retirement Plan Although not a new design, there has been renewed interest in the “combo plan” as a way for higher income business owners to turbocharge their retirement savings. The term “combo plan” generally refers to the combination of a defined contribution plan (usually a 401(k) profit sharing plan) and […]

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SMI participation in California Coast Classic 2015

SMI Pensions has been a sponsor of the California Coast Classic for four consecutive years. This bicycle ride benefits the Arthritis Foundation by raising vital funds needed to find a cure for arthritis. Money raised by volunteers and riders, provides educational resources for adults and children, scholarships for national Juvenile Arthritis Conference, kids’ camps and much more. The California Coast Classic starts in San Francisco on September […]

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Pension Plan Administration Changes

Welcome to the new SMI Pensions website! This website will serve clients of three recently merged practices:  SMI Pensions, Sheffler Consulting Actuaries, Inc. and Peter L. Huntting & Co. We will provide up-to-date information on current pension and retirement plan topics for our present and future clients. Over the last year, there have been several significant […]

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June 2015

The Best Plan to Drive Your Retirement Needs   Excuse me, can you tell me what kind of car is best for me? It is impossible to answer that question without getting more information…how will the car be used? What is the budget? For fuel efficiency and driving in a crowded downtown area, maybe a […]

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April 2015

Automatic Enrollment for 401(k) Plans   McDonald’s may have been the automatic enrollment pioneer 30 years ago, but it wasn’t until 2008 when the new Pension Protection Act rules kicked in that it really started to gain serious momentum. Since that time, articles have regularly extolled the virtues and almost every new retirement-related bill introduced […]

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February 2015

Timing is Everything   For years now, we have been hearing from the Department of Labor (DOL) about the importance of depositing employee 401(k) deferrals and loan payments as quickly as possible. While that continues to be the case, it seems that there is not nearly as much commentary about when to deposit company matching […]

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