Archive for the ‘Uncategorized’ Category

Luncheon w Senator Dean Heller (R-NV) and LV Chamber of Commerce

August 21, 2014

Parker ElmoreOn August 20th, I was able to attend a great luncheon with Sen. Heller and the Las Vegas Chamber of Commerce.  We got to hear Sen. Heller’s views on the current dysfunction in Washington, DC and the appropriate role of the Federal Government (National Defense, Commerce/Infrastructure & Safety Net).  While he discussed the recent highway bill patch (“HAFTA”), he noted that a full highway bill will be required by May 2015 and that revenues will be needed.  Given that pension & retirement plans have recently become a revenue target, that is something on which those in the retirement community (plan sponsors, participants, investment advisors, etc.) will need to focus.


#ALS #IceBucket Challenge

August 19, 2014

As my Mother was afflicted with ALS, I was glad to take part in the ALS Ice Bucket Challenge. When I received the challenge, I was working in our Las Vegas office and it seemed appropriate given my mother’s love of Las Vegas to do it in front of the iconic “Welcome to Las Vegas” sign. So, for your viewing pleasure, here is the video of my ALS Ice Bucket Challenge.

Parker Elmore’s ALS Challenge video

New PBGC Premium Due Date Rule Impacts Small Plans

July 16, 2014

For those defined benefit (“DB”) pension plans covered by the Pension Benefit Guaranty Corporation (“PBGC”), the PBGC has adopted a new uniform rule for premium due dates.  This new rule is applicable for the 2014 and later plan years.  Under the current rules, DB Plans covering less than 100 participants (i.e., small plans) have been able to pay their PBGC premiums as late as 4 months after the end of the year for which they are payable.  Under the new rules, all DB plan sponsors will see premium payments due 9 ½ months after the beginning on the plan year for such they are payable.  As such, this will accelerate the due date for small plans by 6 ½ months. Avoid penalties with awareness of these changes and proper planning.

Good article on Cash Balance Plans

January 6, 2009

The January 2009 edition of the Journal of Accountancy has a great article about the cost/benefits of Cash Balance retirement plans (  I promise it’s not too long or overly technical, but it shows why these plans can provide great tax benefits and the ability to save for retirement in amounts well beyond the $49,000 annual limit in traditional defined contribution plans.  And, you can maintain your existing investment relationships as there is no requirement to “bundle” the design & administration of the plan with the investments.

I’m happy to share more about why a cash balance or other retirement plan does or does not benefit your business, but figured this provides a unbiased view and some basic education.  While your retirement plan  may have suffered during 2008, this provides you a vehicle for far greater retirement funding & tax deductions.