How DOL Could Improve Form 5500 for Pension Plans

12/1/16 1:21 PM

On July 21, 2016, the Department of Labor (DOL) Employee Benefit Security Administration (EBSA), Internal Revenue Service (IRS), and Pension Benefit Guaranty Corporation (PBGC) proposed a rule that would change how employee benefit plans share information with the government. This proposal, which revises the existing Form 5500, is intended to make data more useful and protect employees. DOL has encouraged stakeholders to submit public comments on these changes. Read our other posts about the proposed rule here.

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Topics: Form 5500

Form 5500: What Could Change for Pension Plan Managers

11/9/16 9:54 AM

On July 21, 2016, the Department of Labor (DOL) Employee Benefit Security Administration (EBSA), Internal Revenue Service (IRS), and Pension Benefit Guaranty Corporation (PBGC) proposed a rule that would change how employee benefit plans share information with the government. This proposal, which revises the existing Form 5500, is intended to make data more useful and protect employees. DOL has encouraged stakeholders to submit public comments on these changes. Read our other posts about the proposed rule here.


Summit recently submitted comments on the proposed rule to revise Form 5500. In this post, we break down key revisions that pertain to pension plans.

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Topics: health claims, Form 5500

Text Analytics for Combining Information Sources

7/18/13 10:32 AM

Data is being captured and stored at an enormous rate since the middle part of the last decade. Figure 1, produced by McKinsey Global Institute, provides a breakdown of information captured by each industry in 2009. As more data becomes available, integrating data is becoming a frequent challenge facing organizations. An organization’s data may be stored in separate databases, yet combining these different data sources is a powerful way to gain insight and enhance business decisions.

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Topics: data analytics, R

About the Summit Blog

Complexity simplified.

Summit is a specialized analytics advisory firm that guides clients as they decode their most complex analytical challenges. Our blog highlights the strategies and techniques we use, as well as relevant topics in current events.

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