Welcome to an ERISA Sunscreen moment!
It’s that time of the year again, NCAA tournament time! It’s that time when even powerhouse basketball programs can lose to those “pesky” teams, where every shot for the underdog just seems to fall.
Speaking of pesky, this week’s sunscreen moment deals with how to account for those pesky investments, which are otherwise known as GICs or guaranteed investment contracts.
Watch this 2-minute video to learn what the accounting would be, if the GIC was determined to be benefit responsive.