IRS Proposal Would Nearly Triple Benefit Plan Actuary Fees

The IRS has proposed substantially increasing the fees it charges to enroll or renew actuaries that work with employers to measure and analyze employee benefit plan financial risks.

The Joint Board for the Enrollment of Actuaries proposal would increase the cost actuaries pay every three years from $250 to $680 to account for increased costs of administering the program. The current rate was established in 2007.

Regulators plan to host a public hearing on the proposal at 10 a.m. EDT on Dec. 16. Requests to speak and outlines of the topics discussed will be accepted until 5 p.m. Dec. 14. ...