News

News

Mockenhaupt / Benegration Spin-Off Announcement
As of January 1, 2024, Mockenhaupt completed the spin-off of Benegration. Mockenhaupt will continue to be focused exclusively on retirement actuarial and consulting services for municipalities. Benegration will continue its focus on third-party administration, technology, data warehousing and analytics, vendor management and oversight, and healthcare claims audits. Benegration will also serve as the third-party administrator of the MBS Trust. Both Mockenhaupt and Benegration are excited for the new changes in 2024 and beyond, and will continue to provide the best customer service for our clients.

 

Pension Reminder Calendar
This calendar provides reminders for important pension plan filing deadlines and administrative tasks for local governments. Download a copy of the calendar here.

 

State Aid Unit Value History: 1985 – 2023
The 2023 State Aid Unit Value is $5,827.8883 – the highest it’s ever been! That is a 12.5% increase from last year’s value of $5,180.4519. Download a chart of the complete state aid unit value history back to 1985.

 

Messages from Mockenhaupt
Welcome to Messages from Mockenhaupt! You can access the latest news from our Retirement Services team as well as past editions for the year. Each communication also provides a listing of upcoming conferences and speaking engagements.

  • September 2023: This third edition of 2023 provides the recently released 2023 State Aid Unit Value, client education opportunities, and reminders for Plan Declaration (for 1/1/2023 Act 205 Reporting) & 2024 MMO deadlines. Download here.
  • June 2023: This second edition of 2023 provides proposed pension legislation, the recently released Status Report on Local Government Pension Plans, and pension considerations during police department regionalization. Download here.
  • March 2023: This first edition of 2023 provides reminders, a legislative update, and an administrative reference guide for plan administration. Download here.

 

2024 Limits to Know
The IRS released new plan limits for High Deductible Health Plans (HDHP) and Health Savings Accounts (HSA) for 2024. Download a summary of the new limits.

 

Stay tuned for other important news from the Mockenhaupt team throughout the year.