News
03-28-2024
Pangburn successfully completes SSAE 18 (SOC) 1 Type 2 audit
The Pangburn Group announces that it has successfully completed an American Institute of Certified Public Accountants (AICPA) Statement on Standards for Attestation Engagements (SSAE) No. 18 System and Organization Control (SOC) 1 Type 2 examination conducted by NDB Accountants & Consultants, LLP for the seventeenth consecutive year.
10-02-2023
SEC Clawback Rules and Nonqualified Plans
As you are preparing policies for handling clawbacks in response to the SEC's final "clawback rules" mandated by the Dodd-Frank Act, please ensure that you and your counsel discuss the impact of potential clawbacks on your nonqualified plan. Enforcing a clawback in a nonqualified plan should be carefully reviewed in light of the anti-acceleration rules under Section 409A of the IRC.

You can find the rule here: https://www.sec.gov/rules/final/2022/33-11126.pdf
03-21-2023
Pangburn successfully completes SSAE 18 (SOC) 1 Type 2 audit
The Pangburn Group announces that it has successfully completed an American Institute of Certified Public Accountants (AICPA) Statement on Standards for Attestation Engagements (SSAE) No. 18 System and Organization Control (SOC) 1 Type 2 examination conducted by NDB Accountants & Consultants, LLP for the sixteenth consecutive year.
05-22-2022
Nonqualified Plans 101 on the TPA Tidbits Podcast by Sentinel Pension
The Pangburn Group is pleased to share a recent Sentinel Pension podcast on Nonqualified Plans featuring Trisha Morrison, COO of The Pangburn Group and Melissa Terito, CPA, a Partner of Sentinel Pension. The podcast is available here.
02-08-2022
Pangburn completes successful SSAE 18 (SOC) 1 Type 2 audit
The Pangburn Group (Pangburn) announces that it has successfully completed an American Institute of Certified Public Accountants (AICPA) Statement on Standards for Attestation Engagements (SSAE) No. 18 System and Organization Control (SOC) 1 Type 2 examination conducted by NDB Accountants & Consultants, LLP for the fifteenth consecutive year. A full press release is available here.
12-14-2021
Log4Shell / CVE-2021-44228
There is a severe 0-day remote code execution (RCE) vulnerability in Apache Log4j versions <= 2.14.1. It is summarized in the National Vulnerability Database (NVD) as CVE-2021-44228. A brief, non-technical explanation is available from Ars Technica.

Pangburn's IT Staff became aware of the Log4j vulnerability on the evening of Thursday, December 9th, 2021, and immediately began to identify possible impacts and plan mitigations. We made some firewalling adjustments to block possible payloads while we worked on software/service level updates. Pangburn was already running current JDKs/JREs, which partially limits exposure to CVE-2021-44228. For software developed/maintained by Pangburn, we upgraded to Log4j 2.15.0 (now 2.16.0, and will update again as needed). For externally maintained software, we followed other recommended mitigations to block JNDI/LDAP requests and are updating software/services as patch releases become available. As soon as our network scanning tools were updated to detect Log4Shell, we scanned our entire network and confirmed that there are no current vulnerabilities related to this CVE. We have not observed any Indicators of Compromise of our systems/networks.

Finally, Pangburn is in the process of reaching out to its subservice organizations and critical vendors to ascertain whether they have been impacted by this CVE.
05-29-2021
This week marks The Pangburn Group’s 25th year in business.
The Pangburn Group (Pangburn) is pleased to announce its 25th anniversary as a fee-for-service recordkeeper. We plan to come together to celebrate in the coming weeks with our first post-pandemic, outdoor social/seafood boil. A full press release marking our 25th anniversary is available here.
01-27-2021
Pangburn completes successful SSAE 18 (SOC) 1 Type 2 audit
The Pangburn Group (Pangburn) announces that it has successfully completed an American Institute of Certified Public Accountants (AICPA) Statement on Standards for Attestation Engagements (SSAE) No. 18 System and Organization Control (SOC) 1 Type 2 examination conducted by NDB Accountants & Consultants, LLP for the fourteenth consecutive year. A full press release is available here.
04-09-2020
COVID-19: Options for Nonqualified Plans
We know these are strange and challenging times. Plan sponsors and participants of nonqualified plans are wondering what flexibility may exist in light of the COVID-19 crisis. Although we have not seen legislative modifications to the rules for nonqualified plans, plan sponsors and participants may have a few options under the existing IRC Section 409A regulations. Click here for frequently asked questions and answers.
03-24-2020
Louisiana Proclamation Number 33 JBE 2020 "Stay at Home" Order
Under Louisiana Governor John Bel Edwards Proclamation Number 33 JBE 2020, The Pangburn Group is allowed to remain open as a CISA "essential" business. Nonetheless, we have closed our facilities to the public and have identified/designated a limited number of "essential workers" that need to continue to be onsite either part or full-time to effectively perform their job duties. Although not required to comply with Section 5 of the Order we are voluntarily complying with its provisions. Generally, we expect 10% or less of our workforce to be onsite for the duration of the "Stay at Home" order. We do not anticipate any material business interruption as a result of the shift to remote work.
03-16-2020
Pangburn Response to COVID-19
In response to the COVID-19 pandemic, Pangburn has activated applicable measures under our Business Continuity and Disaster Recovery Plan (BCDRP). We have monitored the spread of the novel coronavirus for several months and began BCDRP-related staff communications on February 27th. We are following CDC, state, and local guidelines and strongly encouraging "social distancing" to help slow the spread of COVID-19 and reduce impact on area medical facilities. Pangburn maintains a secure telecommuting/telework capacity that can be deployed company-wide when needed. While our main office remains open, we are strongly encouraging staff to work remotely when possible. We anticipate most staff will telecommute full or part-time for at least the next several weeks. At this time we do not anticipate any material business interruption as a result of the pandemic.
02-19-2020
Mardi Gras Holiday
The Pangburn Group will be closed on Tuesday, February 25th for the Mardi Gras holiday.
02-07-2020
Insights on Nonqualified Plan Design Podcast
Cliff Dixon, Consultant with the Pangburn Group, shares insights on Nonqualified Plan design and why this can be a key strategy to help business owners reward and retain key employees. The podcast is available here.
11-22-2019
IRC 6050Y Information Reporting Requirements for Reportable Policy Sales
IRC Section 6050Y was added by the Tax Cuts and Jobs Act and requires that certain information be reported (a) when a reportable policy sale (RPS) occurs, (b) when death benefits are paid from a policy that was a RPS, and (c) when there is a transfer of a policy to a foreign person. Items (b) and (c) apply to life insurance carriers (referred to as “Issuers”), while item (a) applies to any direct or indirect acquirer of a policy that was a RPS.

The new reporting requirements apply only to a RPS or to a death benefit payable from a policy that was a RPS that occurs after 12/31/2018.

The Pangburn Group has published an article providing more detail about the the RPS reporting requirements. The article is available here.
11-15-2019
Impact of the Treasury Department's Final Regulations on Reportable Policy Sales on COLI/BOLI Marketplace
On October 31, 2019, the Department of the Treasury released final regulations providing guidance on new information reporting obligations under section 6050Y related to reportable policy sales of life insurance contracts and payments of reportable death benefits.

AALU has released a memorandum summarizing the impact of these regulations on the COLI/BOLI marketplace, and has granted The Pangburn Group permission to share their summary. AALU's summary is available here.

Since 1957, AALU has been the leading organization of financial professionals who provide life insurance and retirement planning solutions for individuals, families, and businesses. More information about AALU, is available here.

06-27-2019
DOL Publishes Final Regulations on Mandatory Electronic Filing of Top Hat Statements
On September 30, 2014, the Department of Labor published a proposed rule allowing plan sponsors to voluntarily submit top hat plan statements electronically. The Department published the final rule on June 17, 2019, which now requires a mandatory electronic filing of these statements. The final rule will go into effect on August 16, 2019. The final rule does not change the current content requirements in the top hat plan statement. The Department's website will be the exclusive method for filing these statements; filings by mail or personal delivery will no longer be accepted.
06-20-2019
NQ PLAN ADVISOR CONFERENCE SET FOR SEPTEMBER 15 - 17 IN CHICAGO
The Pangburn Group is pleased to announce our sponsorship of NAPA’s 2019 Nonqualified Plan Advisor Conference, where advisors can explore:

  • adding nonqualified plans to their business model
  • bringing in new business by providing nonqualified plans
  • retaining business with nonqualified plans

Participants also have the opportunity to earn the Nonqualified Plan Advisor (NQPA) Certificate. Bootcamp attendees will leave with tangible proof of their nonqualified plan expertise.

Register now to attend the NAPA Nonqualified Plan Advisor Conference in Chicago September 15-17. This conference and bootcamp is open to advisors only. Limited seating is available so don't delay as last year's conference sold out before the early registration deadline!
03-04-2019
Mardi Gras Holiday
The Pangburn Group will be closed on Tuesday, March 5th for the Mardi Gras holiday.
01-08-2019
Transfer for Value Rule Impact on Employer Owned Life Insurance following an Acquisition
If your organization or your client’s organization was involved in an acquisition on or after 01/01/2018, contact your professional advisors to determine if any Employer Owned Life Insurance policies may be subject to the modified Transfer for Value rules (Section 101(a)(3)), and if so, what action(s) should be taken.

The Tax Cuts and Jobs Act (TCJA) of 2017 modified the Transfer for Value rules as they pertain to Employer Owned Life Insurance (e.g., COLI, BOLI, CUOLI). In short, these modifications could result in some portion of future death proceeds being subject to tax for certain insurance policies on former employees of any entities (i.e., businesses) acquired after 12/31/2017.

It is widely believed that it was not the intent of Congress to impact these policies at all, but, to-date, there has not been legislation to fix the issue, and we still await draft guidance from the Treasury.

The Pangburn Group has published an article providing more detail about the Transfer for Value rules, as-written, and their impact on life insurance held on former employees of acquired businesses. The article is available here.
07-30-2018
Nonqualified Plan Advisor Conference - Sept 23 - 25 in Chicago
The Pangburn Group is pleased to announce our sponsorship of NAPA’s inaugural Nonqualified Plan Advisor Conference, where advisors will explore:

  • adding nonqualified plans to their business model
  • bringing in new business by providing nonqualified plans
  • retaining business with nonqualified plans

Participants also have the opportunity to be one of the first to earn the Nonqualified Plan Advisor (NQPA) Certificate. Bootcamp attendees will leave with tangible proof of their nonqualified plan expertise. View the agenda.

Please register now to attend the NAPA Nonqualified Plan Advisor Conference in Chicago September 23–25.
03-09-2018
Impact of the New Tax Law on Nonqualified Plans
The Tax Cuts and Jobs Act, signed into law on December 22, 2017, could impact the design and administration of nonqualified plans. Howard D. Stern, Consulting Actuary for The Pangburn Group, discusses the potential effects the new tax law could have on these plans in an article which is available here.
02-13-2018
Mardi Gras Holiday
The Pangburn Group will be closed on Tuesday, February 13th for the Mardi Gras holiday.
01-19-2018
DOL Announces Applicability Date for Disability Benefit Claims Procedures
On January 5, 2018, the U.S. Department of Labor announced that it has set April 1, 2018, as the applicability date for employee benefit plans to comply with the final rule regarding claims made for disability benefits. In November 2017, the Department delayed the applicability date by 90 days (from 1/1/18 through 4/1/18), to provide an opportunity for stakeholders to submit data and information on the costs and benefits of the final rule. The submitted comments did not establish that the final rule imposes unnecessary regulatory burdens or significantly impairs workers’ access to disability insurance benefits; therefore, the final rule will go into effect without revision.
11-27-2017
DOL Officially Extends Applicability Date for Final Rule Regarding Claims for Disability Benefits
The Department of Labor has officially accepted a 90-day extension to the January 1, 2018 applicability date for the Final Rule regarding claims made for disability benefits. Plan sponsors now have until April 1, 2018 to apply the rule to claims for disability benefits under ERISA-covered employee benefit plans. The Pangburn Group is monitoring this topic closely and will post updates as necessary.
10-12-2017
DOL Proposes Extension of Applicability Date for Final Rule Regarding Claims for Disability Benefits
The Department of Labor has proposed a 90-day extension to the January 1, 2018 applicability date for the Final Rule regarding claims made for disability benefits. As of Oct. 12, 2017, the public has 15 days to make comments on the proposed extension. The Final Rule is currently scheduled to apply to claims for disability benefits under ERISA-covered employee benefit plans that are filed on or after January 1, 2018. If accepted, the proposed extension will push the applicability date of the Final Rule to April 1, 2018. Following the public comment period, The Pangburn Group will provide an update on whether the DOL will finalize the extension, including any modifications thereto.
08-26-2017
Pangburn Announces Release of Redesigned Website for Participants, Plan Sponsors, and Producers
After more than a year of redesign, development, and testing, Pangburn is pleased to announce the production release of our secure website for Participants, Plan Sponsors, and Producers. The new site was designed using the latest web standards and now dynamically adapts to a wide variety of browsers and devices including mobile phones and tablets. The new site provides a significant visual refresh with better organized content, a new look and feel, and fully redesigned report exports (PDF and spreadsheet). We welcome your feedback at info@pangburngroup.com.
04-06-2017
Pangburn Announces Beta Release of Redesigned Website for Participants, Plan Sponsors, and Producers
After a year of redesign, development, and testing, Pangburn is pleased to announce the public beta release of our secure website for Participants, Plan Sponsors, and Producers. The new site was designed using the latest web standards and provides a significant visual refresh along with better organized content. It has been designed to dynamically adapt to a wide variety of browsers and devices including mobile phones and tablets. We want to give users the ability to preview the new site and provide feedback while we continue to fine-tune the site for production release.

If you have existing login credentials and would like to evaluate the new site, please visit https://beta.pangburngroup.com. We welcome your feedback at beta@pangburngroup.com.
02-27-2017
Mardi Gras Holiday
The Pangburn Group will be closed for the Mardi Gras holiday on February 28th.
11-28-2016
The Pangburn Group has successfully completed another SSAE 16 (SOC 1) Type 2 examination
Pangburn has successfully completed an American Institute of Certified Public Accountants (AICPA) SSAE 16 (SOC 1) Type 2 examination conducted by NDB Accountants & Consultants, LLP. In doing so, Pangburn maintains its adherence to one of the most stringent, industry-accepted auditing standards for service companies and provides additional assurance to its clients, through an independent auditor, that both its business process controls and information technology (IT) controls operate effectively. A full press release is available here.
11-17-2016
Public Site Protocol Migrated from HTTP to HTTPS
Pangburn's public website, www.pangburngroup.com, has recently been modified to make exclusive use of the HTTPS protocol, transitioning away from its non-encrypted HTTP counterpart. This change will allow all visitors to benefit from the confidentiality, integrity, and identity improvements provided by this standardized encryption technology. Our participant and administrator sites have always used HTTPS, and this change only impacts our public website. This transition should be seamless to our end users.
09-26-2016
FICA for Defined Benefit Plans
FICA calculations for nonqualified defined benefit arrangements can be complex and often overlooked by plan sponsors. The Pangburn Group's Director of Non-Account Balance Recordkeeping, Carrie Raleigh, CPA, provides general guidance and alternatives for reporting FICA in an article which is available here.
09-15-2016
Proposed Modifications to the 457 Regulations
On June 21, 2016, the IRS proposed regulations prescribing rules for 457 plans. Section 457 of the Internal Revenue Code governs the income taxation of deferred compensation arrangements for employees and independent contractors of tax exempt organizations and state and local governments. The Pangburn Group's Senior Vice President & Actuary, Howard D. Stern, FSA, authored an article summarizing the proposed regulations. The article is available here.
08-18-2016
IRS Issues Long-Awaited Updates to Nonqualified Plan Regulations
Recently, the IRS issued two significant, long-awaited proposed regulations affecting nonqualified plans. The first of these regulations provides clarifications and modifications to the section 409A final regulations. The second, and possibly most surprising, addresses deferred compensation plans for tax-exempt entities as well as state and local governments. Howard D. Stern, FSA, MAAA, Sr. Vice President & Actuary for The Pangburn Group, recently authored an article summarizing the proposed 409A regulations. You can read it here. A summary of the changes for tax-exempt entities and state and local governments is forthcoming.
05-29-2016
Pangburn Celebrates 20 Years in Business; Releases a new Public Website
On May 29th, 1996, in response to the demand for fee-based plan administrative services in the nonqualified executive benefit marketplace, Wayne and Brian Pangburn co-founded “The Pangburn Company, Inc.” Originally located in a small basement along the banks of False River in New Roads Louisiana, Pangburn began with a total staff of three including Wayne, Brian, and their secretary to recordkeep a handful of small nonqualified benefit and split dollar plans. Twenty years later, just a mile-and-a-half down the road from the basement where they started, Pangburn has a staff of approximately 50, serving over 2,000 clients across the country.

To commemorate our anniversary, Pangburn is pleased to launch our new public website at www.pangburngroup.com. The new site was designed using the latest web standards, and provides a significant visual refresh along with better organized content. It has been designed to dynamically adapt to a wide variety of browsers and devices including mobile phones and tablets. We look forward to extending this new design to our secure client/producer and participant websites later this year.

Pangburn would like to thank our clients and financial advisors for their continued business and support. We welcome your feedback at info@pangburngroup.com.
03-11-2016
The Short Term Deferral Rule - Alleviating the Impact of the 409A Regulations
The Pangburn Group has released an article by Senior Vice President & Actuary, Howard D. Stern, FSA, entitled "The Short Term Deferral Rule - Alleviating the Impact of the 409A Regulations'" which explains the requirements and conditions under which a deferral of compensation may be able to avoid the implications of Section 409A. The article is available here.
01-18-2016
Nonqualified Deferred Compensation Plans - 'The Perfect Storm'
The Pangburn Group has released an article by Senior Vice President & Actuary, Howard D. Stern, FSA, and Wayne A. Pangburn, CLU entitled "Nonqualified Deferred Compensation Plans 'The Perfect Storm'" which delves into the changing landscape of NQDC plans as a result of regulatory and accounting changes over the last several years. The article is available here.
12-16-2015
The Pangburn Group Mourns the Death of Wayne Pangburn
It is with heavy hearts that we announce that Wayne Pangburn, co-founder, President, & CEO Emeritus passed away peacefully at his home on Monday, December 14th, at the age of 71. Wayne had been in the life insurance industry his entire life and was actively employed until his death. He began his successful career in Boston in 1969 at Manufacturers Life. In 1976, he joined the home office of New England Life as Director of Advanced Underwriting, eventually rising to the position of Vice-President of Marketing. In 1982, Wayne moved to Louisiana and began a private benefits consulting practice. Eventually, Wayne and his son, Brian, co-founded The Pangburn Group. Under his leadership, the company grew to be nationally recognized with over 2,000 clients and over 50 employees. The impact that he had on so many professionals in our industry is evidenced by the plethora of calls and emails that have poured in since his death. He will be greatly missed. His obituary can be found at http://obits.theadvocate.com/obituaries/theadvocate/obituary.aspx?n=wayne-alan-pangburn&pid=176902625&fhid=5614.
11-09-2015
The Pangburn Group has successfully completed another SSAE 16 (SOC 1) Type 2 examination
The Pangburn Group has successfully completed an American Institute of Certified Public Accountants (AICPA) SSAE 16 (SOC 1) Type 2 examination conducted by NDB Accountants & Consultants, LLP. In doing so, The Pangburn Group establishes its adherence to one of the most stringent, industry-accepted auditing standards for service companies and provides additional assurance to its clients, through an independent auditor, that both its business process controls and information technology (IT) controls operate effectively. A full press release is available here.
09-15-2015
Modified Endowment Contract (MEC) Aggregation Rules
The Pangburn Group has released an article by Senior Vice President & Actuary, Howard D. Stern, FSA, entitled "Modified Endowment Contract (MEC) Aggregation Rules" summarizing the aggregation rules applicable for policies classified as Modified Endowment Contracts (MEC). The article is available here.
08-25-2015
Plan Administration for Nonqualified Executive Benefit Plans Podcast
The Pangburn Group is pleased to share a recent John Hancock Advanced Markets (JHAM) podcast on Plan Administration for Nonqualified Executive Benefit Plans with John F. Harrison, CLU, ChFC, FLMI Director, Advanced Markets, John Hancock Life Insurance Company and Trisha G. Morrison, COO, The Pangburn Group. The podcast is available in mp3 format here.
02-02-2015
BASEL III - Effects on BOLI
The Pangburn Group has released an article by Senior Consultant, Preston Fulco, entitled "BASEL III - Effects on BOLI" summarizing BASEL III BOLI compliance for banks with less than $250 billion in assets. The article is available here.
01-19-2015
The Pangburn Group Appoints Trisha Morrison Chief Operating Officer
The Pangburn Group today announced that Director of Corporate Client Relations, Trisha G. Morrison, has been appointed Chief Operating Officer, a position left vacant since the untimely passing of former COO, Gregory J. Mitchell, on February 3, 2013. As COO Trisha will oversee all business units including Client Relations and Plan Administration. She will also continue to be heavily involved in the day-to-day operations of the Corporate Client Relations Unit. Trisha joins CFO/CTO, Prasanth R. Pasala; Sr. Vice President & Actuary, Howard D. Stern; President, Wayne A. Pangburn; and CEO, Brian E. Pangburn in rounding out the Senior Management Team at The Pangburn Group.

A full press release is available here.
11-04-2014
AALU Releases Washington Report Newswire on Pending Mandatory Requirement of Electronic DOL Filing for Top Hat Plans
AALU has released WRN#14.11.03, which states in part, "On September 30, 2014, the Employee Benefits Security Administration opened a web-based filing system for the required statements for “top hat” plans (i.e., “unfunded” plans established for a “select group of management or highly compensated employees”).

On the same day, rules were proposed that would make electronic filing of these statements mandatory; currently, filing them electronically is optional. Under the proposed rules, electronic filing would become mandatory 120 days after the final rule is published in the Federal Register."

AALU has granted The Pangburn Group permission to add this report to the ERISA/DOL Information section of our Library and you may view the article here. More information about AALU is available from www.aalu.org.
09-30-2014
Information regarding "Shellshock" (CVE-2014-6271)
On September 25th, The Pangburn Group was made aware of a vulnerability in the BASH shell used by many Operating Systems and devices (CVE-2014-6271). A number of our own machines were potentially impacted by this news. However, the Pangburn Group used an accelerated patch schedule to rapidly resolve this issue on all machines which were potentially impacted, and the bug had been mitigated within a few hours of being publicly announced. No customer data or services have been impacted by this issue.
09-29-2014
DOL Proposes Rule for Electronic Filing of Top Hat Plan Statement
DOL Proposes Rule for Electronic Filing of Top Hat Plan Statement The Department has determined that regular mail or personal delivery are no longer the most efficient or cost-effective ways to file and process these notices and statements. The Department annually receives approximately 2,000 top hat plan statement filings. To make the information on these notices and statements accessible, the Department converts each paper filing to electronic format. The proposal will eliminate the need for this time-consuming task. Because the internet is widely accessible to persons who file these notices and statements, the Department expects that the regulated community will find electronic filing to be easier and more cost-effective than paper filing. Electronic filing should also facilitate the disclosure of the information to participants and beneficiaries, and other interested members of the public since electronically filed documents can be promptly posted on the Department's Web site. Thus, the Department, filers, and users all stand to benefit from this proposal in ways that are consistent with the goals of the E-Government Act of 2002. The Department is encouraging all filers to file electronically but it is not required at this time. See the proposed rule here.
06-05-2014
AALU Releases Washington Report Newswire on New IRS Program to Audit 409A Compliance
AALU has released WRN#14.5.30.2 regarding an IRS initiative to audit Section 409A compliance with respect to nonqualified deferred compensation arrangements. AALU has granted The Pangburn Group permission to add this report to the 409A Information section of our Library and you may view the article here. More information about AALU is available from www.aalu.org.
04-10-2014
Information regarding "Heartbleed" (CVE-2014-0160)
On April 7th, The Pangburn Group was made aware of a software bug (CVE-2014-0160) in certain versions of OpenSSL, which is used by many companies, including our own, to encrypt network traffic. The availability of a patch to mitigate the problem was made available to us at approximately 10 PM CDT on Tuesday evening. We began the process of installing the patch and by approximately midnight, all of our servers had been secured. An additional patch was then applied to fully rectify the problem on all affected machines and by 3:30AM on Tuesday morning, the issue had been fully resolved. As a precaution, The Pangburn Group has already reissued SSL certificates for all of its internal and external servers, in order to ensure the continued integrity of our encrypted HTTPS traffic. Please note that the externally accessible, encrypted sites we use for client and participant-related web traffic, such as secure.pangburngroup.com were NOT affected by this bug.
12-30-2013
AALU Releases Washington Report Newswire on Final Volcker Rule BOLI Exception
AALU has released WRN# 13.12.30 discussing preservation of the BOLI exemption in the final Volker rule. AALU has granted The Pangburn Group permission to add this report to the FDIC & OCC sections of our Library and you may view the article here. More information about AALU is available from www.aalu.org.
11-07-2013
AALU Releases Washington Report on IRC 409A - Essential for Effectively Deferring Compensation
AALU has released Washington Report 13-45 discussing the importance of 409A in nonqualified deferred compensation arrangements. AALU has granted The Pangburn Group permission to add this report to the 409A Information section of our Library and you may view the article here. More information about AALU is available from www.aalu.org.
10-21-2013
We've Moved!
On Friday, October 18th, The Pangburn Group moved into its new office building. Please note that our shipping address is now 301 Major Parkway, New Roads, LA 70760. Our USPS mailing address remains PO Box 900, New Roads, LA 70760.
10-07-2013
2013 General Instructions for Forms W-2 and W-3
The IRS recently released the 2013 General Instructions for Forms W-2 and W-3 highlighting the following additions:

   * 0.9% Additional Medicare Tax on Federal Insurance Contributions Act (FICA) or Railroad Retirement Act (RRTA) for compensation paid to employees in excess of $200,000 beginning 2013.

   * Employee social security tax withholding restored to 6.2% beginning 2013.

   * A Retirement Checkbox Decision Chart and a Nonqualified Deferred Compensation Reporting Examples Chart have been added.

Please click here for more information. A PDF of the 2013 General Instructions for Forms W-2 and W-3 may be downloaded here.

For more information regarding withholding requirements related to Nonqualified Deferred Compensation Plans and other executive benefits, please see our 2013 Reporting and Wage Withholdings Requirements for Participants in a Nonqualified Deferred Compensation Plan summary.
09-23-2013
AALU Releases Washington Report on "Top-Hat Plan" Exemption Compliance for Deferred Compensation Arrangements
AALU has released Washington Report 13-37 covering "Top-Hat Plan" Exemption Compliance for Deferred Compensation Arrangements. AALU has granted The Pangburn Group permission to add this report to the ERISA/DOL section of our Library and you may view the article here. More information about AALU is available from www.aalu.org.
02-04-2013
The Pangburn Group Mourns Passing of Chief Operating Officer
We are deeply saddened to inform you that Gregory "Greg" Mitchell, Principal & Chief Operating Officer of The Pangburn Group, passed away on Sunday, February 3, 2013. Greg had been with the company for over 17 years and was an integral part of building our success and growth. His dedication and commitment left a mark that will forever be carried on by our staff and by all who had the pleasure of working with him. He will be dearly missed.

Information on services is available from http://www.legacy.com/obituaries/theadvocate/obituary.aspx?n=gregory-mitchell-greg&pid=162900164&fhid=11073.
08-15-2012
Equias Alliance - Impact of Basel III on Community Banks
Equias Alliance has recently published an informative document summarizing the Basel III Proposal and it's potential impact on community banks. The full document entitled "Impact of Basel III on Community Banks" is available here.
08-14-2012
SwingSet 2.0.0 Released
After six years we are pleased to announce the long overdue release of SwingSet 2.0.0. The project has seen a lot of activity, and many new features have been added to enable developers to have more control over the SwingSet components and various events. The SSDBComboBox now allows for filtering of items, making it easier to find the right item. SSDataGridHandler has been added to handle different events on the data grid. This is similar to the SSDBNav, which handles the events for SSDataNavigator. The example code and project demo have been updated to use the H2 database (in memory). Previously the examples and demo required a connection to a remote database and users were not able to make changes. With the use of H2, users can add/delete/update records from within the demo. Note that changes made in the demo application will be lost when it is closed.

For more information, please visit the project site: http://swingset.sourceforge.net. The project demo is available here:
http://swingset.sourceforge.net/SwingSetDemo.jnlp