1.00 ASPPA Credit
1.00 JBEA Non-Core
Speaker: Karen Smith, President, Nova 401(k) Associates
Experience Level for Attendees: Intermediate
Target Audience: Actuaries, DB Administrators, DC Administrators
Keywords: ARPA relief, DB funding relief, Notice 2021-48
IRS Program Number: CZTXU-Q-01436-22-O
Description: The American Rescue Plan Act of 2021 provided defined benefit plans and cash balance plans with minimum funding relief. In August 2021, the IRS issued Notice 2021-48 provided guidance on application of ARPA relief. This webcast will review ARPA provisions and Notice 2021-48 so that administrators and actuaries can correctly apply this relief to 2021 end of year valuations and 2022 beginning of year valuations.