Mary Ann Rocco

By Mary Ann Rocco 8/7/2023

I’ve heard that 10% of all small plan Pension Benefit Guaranty Corporation (PBGC) terminations are audited and at other times I’ve heard that the number is 33%. I’ve heard the PBGC audits are random. What I believe is most audits are random, but some are due to red flags that come up during the... READ MORE

PBGC’s Overhaul of the Missing Participant Program

By Mary Ann Rocco 6/18/2018

PBGC has completely overhauled their missing participant program. The new rules are effective for plans that terminate on or after Jan. 1, 2018. Unfortunately, if you are dealing with a missing participant in a plan that terminated before that date, you will have to comply with the old rules.... READ MORE

Are All Actuaries Nerds?

By Mary Ann Rocco 5/16/2017

It started when I received an email from Norm with “Are you a nerd?” in the subject line. My first thought was, “Of course I’m a nerd; I’m an actuary, aren’t I?” But then I remembered a conversation I had with Ira about pension actuaries. Ira is the gentleman who owns the audio company that works... READ MORE

Redoing a Schedule SB on a Takeover When You Identify Issues

By Mary Ann Rocco 8/1/2015

One of the most challenging things enrolled actuaries face is the takeover of a defined benefit plan. A takeover in this context is typically defined as a change in both the enrolled actuary and the business organization providing actuarial services.Once we get beyond the initial stage of reviewing... READ MORE

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Mary Ann Rocco

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