Lynn Young

By Lynn Young, Andrew Forgrave 7/16/2018

Remember the ASB’s request in July of 2014 for comments on the topic of ASOPs and Public Pension Plan Funding and Accounting? If you are like me and do not focus on public plans, you probably did not pay any attention to the Pension Task Force that was established in December 2014 to develop... READ MORE

Can I Amend That Schedule SB?

By Kevin Donovan, Lynn Young, Sheri Alsguth 4/17/2017

The final Section 430 regulations provided clarity on the ordering of contributions. Treas. Reg. 1.430(j)-1(b)(3)(iii)(B) provides: “(B) Designation of plan year if no unpaid minimum contribution. In the case of a contribution described in paragraph (b)(3)(ii) of this section, the designation is... READ MORE

Don’t Be That Gal...

By Lynn Young 4/17/2017

Several ethics presentations over the last year have focused on scandals in professional sports and how the lessons learned from them apply to our work. As I think about changes in our industry, there is one scandal that came to the forefront: Maria Sharapova. The tennis star had been taking the... READ MORE

Professionalism Update: Comments on the Proposed Risk and Modeling ASOPs

By Lynn Young 2/14/2017

ACOPA continues to have a good reputation among the other actuarial organizations. While those relationships have been fostered by our leaders, both prior and current, it is also due to the level of professionalism that is exhibited in the work of our members every day. However, with all the... READ MORE

Otherwise Excludable Employees and Entry Dates

By Lynn Young 5/17/2016

In a recent Chief Counsel Advice Memorandum, the IRS responded to a request regarding the application of the “otherwise excludable employees” for purposes of coverage testing. Specifically the request was whether it was permissible to apply the maximum statutory requirements to determine the... READ MORE

Single-Participant DB Plans: 4 Keys to Success

By Kevin Donovan, Lynn Young 9/4/2015

This article originally appeared in the Summer 2014 issue of Plan Consultant. To view a PDF version, please click here.When a solo practitioner is looking for a way to defer taxes, often his or her advisor will recommend adopting a defined benefit plan. This can result in significant taxes savings... READ MORE

ACOPA Meets with PBGC on Form 501, Forced Cash-outs

By Lynn Young 8/31/2015

The leadership of ACOPA met with representatives from the Pension Benefit Guaranty Corporation (PBGC) in May of this year. Discussion included the changes to the PBGC termination forms and instructions for post-distribution certifications filed on or after March 1, 2015, and the ability to do... READ MORE

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Lynn Young

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