Final Regulations on Special Financial Assistance for Underfunded Multiemployer Defined Benefit Plans Released

On July 8, 2022, the PBGC released the final regulations for plans applying for Special Financial Assistance under the American Rescue Plan Act of 2021.

Employee Wellness Spotlight: Jessica Thijs

Employee health and wellness spotlight: Meet Jessica Thijs, Pension Processor, located in our Tualatin, Oregon office at Zenith

Employee Wellness Spotlight: Rene McDuffy

Employee health and wellness spotlight: Meet Rene McDuffy, Data Entry Clerk, located in our Pittsburgh, Pennsylvania office at Zenith.

Two of Zenith’s Plans Approved for Special Financial Assistance Under the American Recovery Plan Act of 2021

Zenith’s Pension Director chosen To speak at the National Association of Police Organization’s Annual Pension and Benefits Seminar

Zenith’s Pension Director, Steven Mendelsohn, EA, FCA, MAAA, FSPA, has been chosen to speak at the National Association of Police Organizations (NAPO)’s 33rd Annual Pension & Benefits Seminar.

Defined Benefit Plans - A Better Bang for the Buck

PBGC Approves First Two Plans for Funding Relief under ARPA ’21

PBGC Approves First Two Plans for Funding Relief under ARPA ’21

Department of Labor Releases FAQs on Required Lifetime Income Illustrations for DC Plans

Retirement Benefit Expert and Actuary provides an update on the Department of Labor’s Temporary FAQs for the lifetime income illustrations that will be required for most Defined Contribution plans.

What’s the News on Lifetime Income Disclosures?

Previously, we provided a brief background on the American Rescue Plan Act of 2021 (“ARPA”) and its potential impact on Multiemployer Defined Benefit Plans. This article provides more details on the various provisions impacting those plans.

part 2 - American Rescue Plan Act of 2021 Impact on Multiemployer Defined Benefit Plans

Previously, we provided a brief background on the American Rescue Plan Act of 2021 (“ARPA”) and its potential impact on Multiemployer Defined Benefit Plans. This article provides more details on the various provisions impacting those plans.

American Rescue Plan Act of 2021 Impact on Multiemployer Defined Benefit Plans

On March 11, 2021 President Biden signed into Law the American Rescue Plan Act of 2021 (“ARPA”). ARPA contains significant relief for underfunded Multiemployer Defined Benefit Plans.

Community Service Superstar of 2020: Debbie Scholtens

Debbie Scholtens has been named Zenith's Community Service Superstar of 2020 for her work with Chi-Town Pitties, Inc!

One Client Fund is Saving an Estimated $1.3 Million Per Year Through Zenith’s Dependent Audit Verification Process

As your administrator, Zenith American Solutions can help your Fund identify best practices that work well for your membership to minimize unnecessary costs. We can manage all components of your dependent audit and provide annual maintenance according to your specifications.

Zenith’s Steve Mendelsohn Chosen for Prestigious National Committee

Zenith American Solutions’ Steve Mendelsohn has been chosen to be on the American Academy of Actuaries Multiemployer Plans Committee. Steve is an actuary in Zenith American Solutions’ pension practice with extensive pension experience.

Mark Mead Retires After 30 Years of Service

Mark Mead retires from Zenith American Solutions after 30 years of service

Lawrence Bourland Assumes The Role of An Independent Consultant and Business Development Advisor

Vice President of Business Development, Lawrence L. Bourland, Esq., will assume the role of an independent consultant and business development advisor to Zenith American Solutions.

Cut Your Specialty Drug Costs in Half with Zenith PharmAssist

Zenith PharmAssist program includes a specialty funding solution that can eliminate 50% of your current costs. Our enrolled funds are enjoying deep savings…

Zenith American Solutions Welcomes A New Executive Leadership Team Member

Zenith American Solutions is proud to announce that Chris Johnson has joined our Executive Leadership Team as Chief Operating Officer.

COVID-19 Payroll Tax Relief Raises Questions

Recent relief, which permits the deferral of the withholding, deposit and payment of the employee portion of Social Security taxes for certain wages, has raised some questions and concerns…

Dc Plan Income Disclosures are Coming

In last quarter’s newsletter, we discussed some of the key changes of last year’s SECURE Act. In August, the DOL released initial guidance and we are now in a 60-day review/comment period…