| 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 |

 

  • 2016

    • August 30, 2016

    • Special Notice Regarding SEC regulations on Money Market Reform

      New Securities and Exchange Commission (SEC) rules regarding money market funds will take effect in October, 2016. The impact of these new rules is that certain money market funds will become subject to “gating” (which can limit their ability to support redemptions on a given day). As such, these money market funds will no longer be suitable investments for daily valued defined contribution plans and have been replaced with a Government equivelant that is not subject to “Gating”. An Updated 404a(5) Notice has been prepared for all applicable clients regarding this transition. To see this notice, Please visit the participant or sponsor website Resource Center.

    • March 29, 2016

    • New Participant Website Troubleshooting Guide

      Recently we have made significant upgrades to our participant website. As a result of these upgrades, a small percentage of users may experience minor issues upon accessing the upgraded site for the first time. If you experience any issues with the upgraded site, please reference this troubleshooting guide.

    • March 8, 2016

    • New Participant Website Sneak Preview

      BPAS is pleased to roll out a sneak preview of our enhanced participant website, which will be implemented over the next two weeks. This is phase two of a four part web initiative currently underway, which began with launch of the Participant Education Center in December. The new site is very intuitive and will not require much explanation for participants. Highlights include an improved overall look; moving to a panel / widget concept for easy navigation; adding a 5 year balance history chart; adding a direct link to find participant statements and the Guidance Plus™ planning tool; an enhanced participant messaging area; much better integration with the Participant Education Center and Market Dashboard; and improvements to the look of many pages and reports. We are excited about these enhancements, and look forward to making additional upgrades later this year.

      To view the sneak preview, please click here.

    • March 4, 2016

    • APRRs for year end 2015 now posted

      BPAS is pleased to post our Annual Plan Review Report for calendar year plans. The new APRR can be found in the plan sponsor site resource center (Annual Reports area). The enhanced report includes an income statement around pages 15 and 17, summarizing activity by fund and source for the year, which is helpful in any plan review meeting. Certain other enhancements are contained in the report as well. We hope this report and other reports in the Demographic Reports section will be helpful to financial intermediaries and plan sponsors as they review the progress of each plan.

    • January 14, 2016

    • Guided tour of the Participant Education Center

      To showcase the features of the new PEC to participants, plan sponsors and financial intermediary partners, we are pleased to roll out this multimedia video.

  • 2015

    • December 30, 2015

    • Participant Education Center (PEC) Rollout

      BPAS is pleased to roll out the Participant Education Center (PEC) – a significant upgrade to the participant education and engagement campaign within the Roadways to Retirement program. For details on this exciting new site, please click here.

    • December 11, 2015

    • Federated Automated Cash Management Trust Fund

      The Federated Automated Cash Management Trust Fund is undergoing a fund liquidation. For full details, please see the memo in the resource center of the Sponsor site.

    • December 7, 2015

    • Year end capital gains – an important note !

      The year end capital gain process is underway once again. Since participants often ask questions when they see share prices fluctuate coincident with capital gain distributions, BPAS  has prepared this memo to better explain the process.

    • November 9, 2015

    • New: Upcoming Loan Payoffs Report

      To help clients with traditional loan programs, BPAS is pleased to roll out the Upcoming Loan Payoffs Report in the plan sponsor website (Resource Center, Action Items tab). This .CSV report provides details on traditional loans that are due to be paid off in the next 90 days as well as loans that are past their scheduled due date but have not yet been discharged. This will help clients ensure that loans are administered properly in payroll. As always, if you have questions on any outstanding loans, please call the BPAS Census Department or your BPAS Plan Consultant to discuss specifics.

    • October 26, 2015

    • New Frequently Asked Question (FAQ) Document

      Retirement plans come with their fair share of questions. From how to receive login help, to requesting loans or distributions -- the list can go on and on. We’ve taken record of these inquiries over time, and created an FAQ to address the most common questions we receive. The FAQ is now available in the Resource Center of the Participant and Plan Sponsor websites, and will be updated over time with additional information.

    • September 22, 2015

    • BPAS Retire - Mobile App For iOS and Android

      BPAS is pleased to unveil version 1.0 of our mobile app for both Android and iPhone devices. The mobile app complements the features of the participant website (which is also fully accessible via mobile device) for inquiries and account-level information. Please see this link for instructions.

    • August 26, 2015

    • Mutual fund family delays in issuing prices

      During volatile investment markets over the last 2 weeks, a number of mutual funds have been unable to issue prices accurately, or within a timeframe to support same day/late day trading. For additional details on this matter, please see select teh following link: Mutual Fund Family Pricing Memo.

     

    • August 10, 2015

      Plan Sponsor Web Training

      Knowing how to use our websites effectively is critical for Plan Sponsors, and instrumental in the effective management of your Plan. As a benefit to our clients, we are now conducting webcast training sessions on the Plan Sponsor website. We urge you to take advantage of these free sessions to fully understand the powerful features of the site. Please Click here for more information on dates, times, and how to register.

    • August 8, 2015

      New Rate of Return report available

      As mentioned previously, our Partners have been looking for more information on the “experienced rate of return” within each plan. We are pleased to announce that our new Rate of Return report is now available in the Advisor and Plan Sponsor websites. This report provides a visual summary of the total year-to-date investment return for the entire plan, and the breakdown for each ten year age group – helping clients see how investment decisions are impacting results. This report will run monthly (providing YTD information), and can be found in the Demographic Reports section of the Resource Center.

     

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  • 2014

    • December 10, 2014

    • Year end capital gains – an important note !

      The year end capital gain process is underway once again. Since participants often ask questions when they see share prices fluctuate coincident with capital gain distributions, BPAS  has prepared this memo to better explain the process.

    • November 26, 2014

    • Vanguard Funds: Migration of Remaining Clients (Investor to Admiral Shares)

      As the Vanguard Funds migration project continues, this memo provides an important update regarding the transition from Investor to Admiral Shares. Please see this memo for full details.

    • September 22, 2014

    • BPAS issues “Traffic Update” on Technology issues

      BPAS is pleased to present this update on technology-related issues. This includes a recap of upgrades rolled out during the last six quarters and projects on the docket for the next six quarters. Please click here for full details.

    • August 28, 2014

    • Details on Vanguard Share Class Conversions

      Vanguard has announced that they will be making changes to the share classes they offer for various funds. For a detailed description of the changes, as well as a look at the process that will be utilized to effectuate the changes, please click here.

    • August 27, 2014

    • Special Notice on Vanguard Funds

      As of October, 2014, Vanguard Funds is making changes to its share class structure, converting many investors to Admiral shares.  An updated 404a5 notice has been prepared for all applicable clients regarding this transition.  To see this notice, please visit the participant or sponsor website resource center.

    • February 10, 2014

    • Effective February 17, 2014, BPAS is making a product enhancement to allow terminated employees in DC plans (as well as most IRA customers) to make address changes directly in the participant website. We have prepared this memo to better explain the new process. If you have any questions on this matter, please call your BPAS Plan Consultant.

    • January 28, 2014

    • Upgrade your retirement plan with Online Beneficiary Designations

      BPAS is pleased to announce our Online Beneficiary Designation feature (OBD) as an optional feature for retirement plan clients. For complete information on OBD, including the plan sponsor FAQ and the online signup form, please visit www.bpas.com/options.

    • January 15, 2014

    • BPAS announces Go Green Email Campaign

      To benefit plan sponsors and participants, BPAS pleased to announce our Go Green email campaign. For information on program rules and important caveats, please click here.

     

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  • 2013

    • December 16, 2013

    • Year end capital gains – an important note !

      The year end capital gain process is underway once again. Since participants often ask questions when they see share prices fluctuate coincident with capital gain distributions, BPAS  has prepared this memo to better explain the process.

    • July 18, 2013

    • “A crash course in DC plans” -- A Plan Consultant Panel Discussion from BPAS!

      As BPAS works with plan sponsors and financial intermediaries every day, it’s clear that many of our clients are covering not only qualified retirement plans, but often the full range of employee benefit plans as well.  Recognizing this, we thought clients would appreciate a short “refresher course” on some of the key issues surrounding DC plans to bring them up to date. We thought that a panel discussion featuring several of our senior Plan Consultants would be a interesting way to present this information. This podcast is offered as a free service to clients and partners of BPAS. You can listen to this recording directly from any sound-enabled computer, or download it to an iPod or MP3 player for enjoyable listening at the beach.

      To download this file, please click here.

      We hope you find this valuable. If you have questions, please contact your BPAS Representative.

    • May 28, 2013

    • BPAS invites participants to Go Green !

      In response to client requests, BPAS is pleased to announce our Go Green initiative. Over the next two weeks, we will roll out a new feature in the participant website which allows participants to opt out of mailed quarterly statements in favor of electronic delivery. Participants who select this option will no longer receive printed quarterly statements in the mail, but will receive an email notification when a new quarterly statement has been posted to their quarterly statement archive (found in the Resource Center of the participant website). Additional details on this feature will be found in the participant website when the feature is activated in each retirement plan. Note: This feature will also be helpful as we work to expand electronic communication of certain required notices in the future.

    • May 1, 2013

    • Update from the IRS on pre-approved 403(b) plan documents

      Please see the attached technical release from BPAS on this subject.

    • April 29, 2013

    • Change to process for certain plan sponsor mailings

      BPAS is pleased to announce a change to the process for plan sponsor mailings from loan, hardship and distribution paperwork requests. The attached provides for full details. This change will take effect starting Monday, May 13, 2013.

    • April 29, 2013

    • BPAS enhances pie chart functionality in participant website

      BPAS is pleased to announce several enhancements to the pie chart functionality within our participant website. This announcement provides details.

    • April 23, 2013

    • Introducing the Participant Feedback Center

      BPAS is pleased to roll out the Participant Feedback Center within the Resource Center of our participant website. This online survey allows participants to provide feedback on any element of our product, including interactions with our Call Center, the participant website and more. To view the Participant Feedback Center, please log onto the participant website, select the Resource Center, then see the first link under “Surveys”. This link also appears in the Resource Center of the plan sponsor website.

    • March 28, 2013

    • Update on enhanced participant statements 

      As stated in our bulletin board entry of March 7, 2013, BPAS is in the process of updating our look for quarterly participant statements. The attached memo provides a sample of the new format for hard copy statements as of 3/31/2013, then move to the new format for electronic and hard copy statements, beginning with April 30th and future statement periods.

      We are excited about the new statement project and additional enhancements being rolled out in the coming quarters.  As always, if you have questions, please contact BPAS.

    • March 7, 2013

    • BPAS announces enhancements to quarterly statements

      BPAS is pleased to announce certain enhancements and changes to our quarterly participant statements beginning with the 3/31/2013 statement cycle. The attached memo summarizes these enhancements for the benefit of clients.  Please stay tuned for additional enhancements in the coming months, including an expanded e-delivery option for participants and much more.

    • February 14, 2013

    • BPAS announces enhancements to our plan sponsor and participant websites

      As of today, BPAS is pleased to roll out a batch of enhancements to our participant and plan sponsor websites. This communication provides a short overview. Additional batches of enhancements will be rolled out periodically throughout 2013. Please see this bulletin board for further updates.

    • January 7, 2013

    • Brainshark presentation on MyPlanLoan

      BPAS is pleased to announce the rollout of our enhanced MyPlanLoan program as a benefit to our clients. MyPlanLoan is an easy way for a plan sponsor to offer a loan program without all the time and work associated with traditional, HR-administered loans. It allows terminated employees to continue paying loans without a taxable event, and provides many other powerful advantages. For an overview of the program and its advantages, please see this Brainshark presentation:

      http://www.brainshark.com/communitybankna/vu?pi=zGczRTWwCzTVqz0

      If you would like to get the process started of adding MyPlanLoan to your plan, here is the online request form: http://toolbox.bpas.com/MyPlanLoan

     

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  • 2012

    • December 21, 2012

    • Year end capital gains - an important note

      The year end capital gain process is underway once again. Since participants often ask questions when they see share prices fluctuate associated with capital gain distributions, please see this memo for full details on the process.

    • December 19, 2012

    • New enhancement to CensusPro

      In response to client requests, BPAS is pleased to announce a new feature in our CensusPro application. This feature allows plan sponsors to make ad-hoc changes to certain employee data directly in CensusPro, rather than waiting for the next census file to be submitted to BPAS. For complete details, please see this product announcement.

    • December 5, 2012

    • Relief for Hurricane Sandy Victims

      In order to assist participants affected by this disaster, the IRS issued Announcement 2012-44 which provides relief to taxpayers who have been adversely affected by Hurricane Sandy and have retirement assets in qualified employer plans they would like to use to alleviate hardships caused by Hurricane Sandy. Please select the following link to learn more Relief for Hurricane Sandy Victims.

    • November 6, 2012

    • Required notices for calendar year plans are now posted

      Per our usual process, our Plan Documents team has prepared required notices for all calendar year plans. This includes QDIA, safe harbor and automatic enrollment notices, as applicable to each plan.  These can be found in the “Plan Documents and Notices” section of the Resource Center of the plan sponsor and participant websites. While BPAS will be sending a separate reminder email to impacted plan sponsors, we would ask plan sponsors to access the plan sponsor website now to retrieve and distribute the notice to employees (before 12/1/2012).  If additional assistance is needed in the case of larger plans, please see our mailing services request form (with reasonable advance notice) at http://toolbox.bpas.com/mailingservices.

    • October 10, 2012

    • MyPlanLoan is now available!

      BPAS is pleased to announce the availability of MyPlanLoan, a BPAS Service, to our plan sponsor clients. MyPlanLoan offers many advantages – allowing HR professionals to “get out of the loan business” while providing a solution for the needs of terminating participants. Through MyPlanLoan, BPAS handles the initial and ongoing administration of participant loans, including invoicing, payment tracking and monitoring, and any needed tax reporting.  

      Even if a plan sponsor decides to continue offering payroll deducted loans, the MyPlanLoan Continuation Program is highly recommended, since it can help avoid significant tax consequences for participants who terminate employment with a loan outstanding.

      For more information on MyPlanLoan and how the program works, please visit www.MyPlanLoan.com.

      If you would like to add MyPlanLoan to your plan, please see the MyPlanLoan Request Form at: http://toolbox.bpas.com/MyPlanLoan.

      Since we anticipate a tremendous response to this new offering, BPAS will work with plan sponsors to schedule implementation based on the needs of each plan. Our Implementation Specialist will be in touch with clients to discuss details.

    • September 13, 2012

    • Sample of new participant statement format

      To comply with Regulation 404a-5, attached is a sample of the new statement format BPAS will use for quarterly statements of our DC plan clients beginning on September 30, 2012.

    • August 16, 2012

    • Sample employee cover memo for 404a-5 fee disclosure

      BPAS has prepared a sample memo that employers can use to introduce the 404a-5 notice to employees. For a copy of the sample memo, please click here.

    • August 13, 2012

    • 404a-5 notices posted

      As of this evening, the annual fee disclosure notice under Regulation 404a-5 has been posted to the plan sponsor and participant websites for plans subject to the Regulation. Please see the client memo regarding these notices for complete details.

    • August 2, 2012

    • Sample 404a-5 Notice (updated)

      While a few final copy edits are still being made, here is an updated sample 404a-5 notice. The notice is being prepared specific to each plan (fee configuration, investment menu, etc).

    • July 31, 2012

    • Brief 404a-5 update

      BPAS is actively at work with Newkirk Products on the 404a-5 notice project. For the last several weeks we have been reviewing samples and making certain copy changes. We are now in the process of having notices generated for all applicable plans. The actual notice is a four or five page .PDF document that will be pushed to the plan sponsor and participant websites for all 404a-5 covered plans. Once notices have been posted to the websites, an email will be sent to these plan sponsors providing specific instructions for obtaining and distributing the notice. We anticipate that all notices will be posted to websites over the next 5 to 10 business days. We will also be sending an email to our financial intermediary partners when notices have been posted, so they can assist in contacting plan sponsors to ensure that notices are distributed prior to August 30, 2012.

    • June 29, 2012

    • 408(b)(2) notices have been posted !

      BPAS is pleased to announce that we have now posted 408(b)(2) fee disclosure notices to the plan sponsor website of all 408(b)(2) covered plans. An email providing complete instructions for obtaining the notice is being forwarded to the Plan Administrator contact for each client. To view the notice, please access the plan sponsor website and see the Resource Center / Plan Documents and Notices area. (For plans that have not yet migrated to our new site, the notice can be found in the Action Items tab). These notices will be updated regularly throughout July and August to account for many pending fund changes and other updates. Please visit your plan sponsor website at the end of July and August for an updated copy of the notice.

      If you have any questions on this matter, please send an email to TrustSales@bpas.com.

    • June 14, 2012

    • Updated 408(b)(2) Fee Disclosure Format

      After a thorough review by the Wagoner Law Firm, here is a sample of the 408(b)(2) disclosure format that BPAS will be launching during the last week of June. Please note: there is a different format for each partner channel (Bank trust, RIA, Broker Dealer etc.). In additional, certain edits may be made in the next few weeks. If you have any questions, please contact your BPAS Representative.

    • May 31, 2012

    • BPAS issues updated 408(b)(2) disclosure draft  

      As a result of our work with the Wagner Law Firm, we are pleased to issue today's update.

    • April 12, 2012

    • Update on fee disclosure initiatives (including 404(a)(5) samples) 

      The following is an update on fee disclosure initiatives as of this week. This update consists of:

      Please note: BPAS has now developed a proprietary format for the 408(b)(2) disclosure. We will use our format instead of the version provided by the outside firm referenced here.

    • April 4, 2012

    • BPAS announces integration with Adviceware for participant advice  

      In response to requests from plan sponsors and financial intermediaries, BPAS is pleased to announce our integration with Adviceware for participant-level advice. This press release provides full details. If you have any questions regarding Adviceware or would like to see a demo, please send an email to TrustSales@bpas.com. We will be in touch with you to discuss.

    • March 7, 2012

    • Integration with Mint.com is now available!  

      Have you had participants ask about integration between the BPAS participant website and their personal financial planning application? We are pleased to announce that this integration is now in place with Mint.com – a state-of-the-art, web based financial planning application that is quickly gaining popularity in today’s marketplace.  For details and instructions on the integration, please see this client announcement.

    • March 7, 2012

    • Announcing a new payroll integration with CTR Systems 

      As a result of several recent clients who use CTR Systems for payroll services and BPAS for DC plan administration, BPAS is pleased to announce full integration with the CTR Systems payroll service. For full details, please click the following link to see the client announcement.

    • March 7, 2012

    • CensusPRO™ Enhancement scheduled for June, 2012 Release

      BPAS is pleased to announce an upcoming enhancement to the CensusPRO™ (“CPRO”) web application that will provide plan sponsors with an additional function to report Employee information changes. Read the following announcement for more information.

    • February 10, 2012

    • Update on Fee Disclosure Initiatives

      This memo provides an additional update on 408(b)(2) and 404(a)(5) fee disclosure initiatives after final regulations were issued by the DOL in early February, 2012. Please note: BPAS has now developed a proprietary format for the 408(b)(2) disclosure. We will use our format instead of the version provided by the outside firm referenced here.

    • January 25, 2012

    • New report being launched tonight in websites

      BPAS is pleased to announce the Rate of Return Report -- a new report in our plan sponsor and financial intermediary websites. 

      The report will show the year-to-date personalized rate of return for each participant as of month end. This is a time-weighted calculation, using the modified Dietz method (the same methodology used on quarterly participant statements). On row 2, the report provides the average rate of return for the plan as a whole (including all participants). This report is delivered in Excel, and will be posted each month to websites by approximately the 15th business day.

      The report includes the following data points:

      • SSN
      • Name
      • DOB
      • DOH
      • DOT
      • First contribution date for this participant
      • Status code
      • Model # (if applicable, 0 if not)
      • Total balance ($)
      • YTD personalized rate of return for this participant (%)
      • Rate of return starting date
      • Rate of return ending date
      • Run date of report

      Since plan sponsors and financial intermediaries are always concerned with the asset allocation decisions made by participants and how these decisions are contributing to wealth accumulation, this report will serve as a valuable monitoring tool.  

      As of 1/26/2012, the report has been posted for the time period of 1/1/2011 - 12/31/2011 to plan sponsor and advisor websites. The next update will take place around the 15th business day of February covering the time period of 1/1/2012 – 1/31/2012.

      We hope that clients find the new report useful. If you have any questions, please contact your BPAS Representative.

     

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  • 2011

    • December 30, 2011

    • Year end capital gains - an important note

      The year end capital gain process is underway once again. Since participants often ask questions when they see share prices fluctuate associated with capital gain distributions, please see this memo for full details on the process.

    • October 21, 2011

    • Have you considered automatic enrollment or online enrollment?

      Automatic enrollment and online enrollment can enhance a retirement plan in a variety of ways. Here is a communication piece we put together for plan sponsors on these topics. If you are interested in hearing more, please contact Danielle Baumann at BPAS ((651) 463-8522 or dbaumann@bpas.com).

    • September 22, 2011

    • What should we be checking in the “Action Items” tab?

      Most clients know that the plan sponsor website contains a vast array of tools and reports… but there is sometimes confusion about the reports that each client should be monitoring to avoid missing something critical. A convenient checklist of the key items to be viewed in the Action Items tab each payroll period can be found by clicking the following link.

    • August 4, 2011

    • Expanded fund research library

      BPAS is pleased to unveil a significant upgrade to the fund research library within our participant, plan sponsor and financial intermediary websites. Please see this announcement for full details.

    • June 6, 2011

    • Effective today, BPAS is pleased to launch a new education library for plans that include employee pre-tax contributions (401(k), 403(b), 1165(e), 457, etc). This new library includes three multimedia presentations delivered through Brainshark ™ . This includes a generic enrollment meeting presentation (Roadways to Retirement), a presentation for ongoing considerations ( “A Pause Along Your Journey”), and our quarterly market update. These presentations can be found in the first section of the Resource Center in the new participant and plan sponsor websites, and also at www.bpas.com/gt.

      Please look for additional education content posted to this site in the coming weeks.

    • April 27, 2011

    • New times for afternoon cutoff and website refresh

      BPAS is pleased to announce that we have moved the time for our daily website refresh. Previously, our website refresh took place at approximately 5:00 AM EST; this process will now begin at approximately 1:00 AM EST. In addition, starting on April 27th, we will move our afternoon cutoff time from 3:45 PM EST to 4:00 PM EST (the time of market close). We hope these changes provide additional value to our plan sponsor and participant clients.

    • The latest update

    • Website upgrade project - Status update

      Progress continues on the major website upgrade that is underway at BPAS. For a status update, please click here.

     

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  • 2010

    • December 30, 2010

    • Year end capital gains - an important note

      The year end capital gain process is underway once again. Since participants often ask questions when they see share prices fluctuate associated with capital gain distributions, please see this memo for full details on the process.

    • August 20, 2010

    • Recent enhancements in BPAS Trust Operations

      Over the last year, a number of “behind the scenes” enhancements have been made at BPAS to streamline various functions. This interview with Donna Merritt and Janna Recchio explores these changes.

    • July 16, 2010

    • BPAS announces major website upgrade

      For more details regarding this announcement, please select the following link.

    • April 27, 2010

    • Change in the management of the SMART Funds®

      Hand Benefits & Trust Company is pleased to announce, effective May 1, 2010, a change in the management of the SMART Funds® series of collective investment funds. For more details regarding this announcement, please select the following link.

    • March 8, 2010

    • BPAS announces later cutoff time

      This product announcement provides details on our new cutoff time for web and voice response transactions, and coming enhancements regarding Straight-Through-Processing. To read the announcement, please click here.

    • February 12, 2010

    • Dreyfus Small Cap Value Fund Name Change

      Dreyfus has changed the name of the Dreyfus Small Cap Value Fund to the Dreyfus Small Cap Fund. Tickers and CUSIPs for this fund remain the same across all share classes. This change is being made by BPAS with no action required on the part of plan sponsors or participants. For details, please select the following link.

    • January 15, 2010

      Federated Stock Trust Name Change

      Federated renames Federated Stock Trust (FSTKX) effective January 29, 2010 and will begin offering a Service Share (SS) class and an Institutional Share (IS) Class. Please see details by clicking here.

    • January 7, 2010

    • EFAST – Please Register Now!

      All plan sponsors that are required to file an annual Form 5500 must now register for EFAST. This new system will allow Forms 5500 to be submitted to the IRS and Department of Labor electronically instead of in hard copy – saving the agencies time and expense associated with data entry. For complete instructions on obtaining your login credentials, please select the following links:

      BPAS will post more information on the EFAST process to this bulletin board in the coming weeks.

     

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  • 2009

    • December 11, 2009

    • RS Smaller Company Growth Fund Merger

      RS Investments has initiated a merger of the RS Smaller Company Growth Fund into the RS Small Cap Growth Fund, effective 12/11/09. This change covers all applicable share classes and ticker symbols. This change was made automatically by BPAS within plan and participant accounts, with no blackout period involved. For additional details, please visit www.rsinvestments.com.

    • November 9, 2009

    • Federated announces revised date for fund reorganization

      Federated has communicated a date change for the reorganization of the Federated International Equity Fund into the Federated International Leaders Fund. Please select the following link to read additional information including revised dates and trading parameters.

    • October 19, 2009

    • Janus reorganizes J shares as T shares

      Janus has notified BPAS that it will be renaming its J share class funds into its T share class during February, 2010. All tickers and cusips will remain the same. This change will happen automatically, without any required action on the part of plan sponsors or participants. For additional information, please select the following link - Janus Class J Shares Reorganization.

    • September 9, 2009

    • Federated American Leaders merges into Clover Value Fund

      BPAS has been notified by Federated Investors that it will merge the Federated American Leaders Fund into the Federated Clover Value Fund on 9/18/2009. This change will take place automatically, with no required action on the part of participants. For full details, please click the following news release link.

    • July 21, 2009

    • Important Fund Merger Information

      Notice to participants: An unusually large number of fund mergers have been announced for Q3, 2009; BPAS will be processing these changes automatically in coordination with the mutual fund families. To see the full list of fund mergers, please select one of the following links. More information on the specific changes can be found at fund family websites. Please note, Franklin Templeton funds are undergoing a name change only.

    • July 8, 2009

    • BPAS unveils state-of-the-art Call Center

      BPAS is pleased to announce a substantial upgrade to its call center and Customer Service Representative (CSR) team. Please select the following link to access the press release with additional information.

    • June 9, 2009

    • BPAS Partner and Client Update

      As you might expect, BPAS has been working on a number of key product initiatives this year. This includes new features and upgrades that will directly benefit clients in the coming quarters. To give clients a sense of our overall project slate, we are pleased to present the BPAS Partner and Client Update (as of Q2, 2009). We think this presentation will be helpful to you, our valued clients.

      To view the presentation, please click the following link: BPAS Partner and Client Update.

      This multimedia presentation is deployed through BrainsharkT. It can be run from any computer with speakers and a high speed internet connection. It also includes a short survey on the end. This feedback will be helpful in our overall planning efforts.

    • April 2, 2009

    • Enrollment Booklet Order Form

      Many plan sponsors have an existing process for ordering enrollment kits through the financial intermediary that services their plan. For those that do not (or are unaware what the process is), we have added the Enrollment Booklet Order Form to the Administration tab of the plan sponsor website. After completing this fillable PDF form, please press the "submit form" button at the end of the document. BPA will be back in touch with you with any questions as we facilitate the order.

    • March 5, 2009

    • Online Distribution Paperwork

      BPA is pleased to roll out our online distribution paperwork functionality. This feature will be helpful to participants, plan sponsors and trustees when a participant is trying to initiate a distribution and seeks to expedite the process. This feature is now live and ready for use. Please select the following link for details.

    • January 27, 2009

    • CensusPRO Verification Enhancement

      BPA is pleased to announce the rollout of an exciting new enhancement to our process for incoming contribution census files. We have enhanced our process to eliminate ACH Verification Faxes in favor of an electronic communication mechanism.  This is entirely delivered through CensusPRO™, our proprietary census processing application. For more information. , please click here.

    • January 14, 2009

    • Upgrade your plan with online enrollment

      Is your plan still using paper-based enrollment? BPA is pleased to announce two new solutions for online enrollment – offered at no cost to clients. Online enrollment can reduce the plan sponsor’s workload while eliminating many hidden liabilities lurking in enrollment forms. For full details on this program, please click here.

     

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  • 2008

    • December 31, 2008

    • BPA moves to eliminate ACH fax

      In response to plan sponsor requests, BPA has begun a project to eliminate the ACH fax in both directions using an electronic communication mechanism delivered through CensusPro. For complete details on this project which will unfold in early 2009, please click here.

    • October 22, 2008

    • Introducing the Plan Sponsor Newsletter Library

      In the area of qualified retirement plans, laws and regulations are constantly changing. To keep our clients apprised of recent developments, BPA is pleased to launch the Plan Sponsor Newsletter Library.

      The library contains a rolling archive of plan sponsor newsletters, focused on emerging trends in the retirement plan arena. Recent newsletter topics include new safe harbor options for 2009, information on the DOL’s new “seven day safe harbor” governing deposits for plans with less than 100 employees, a summary of new fee disclosure regulations, and other topics. BPA has licensed this newsletter from Newkirk Products, Inc. (NPI) and McKay Hochman – one of the industry-leading authorities on ERISA and qualified plans. We are pleased to make this service available to our clients at no cost. For important caveats regarding use of these newsletters, please visit the Plan Sponsor Newsletter Library.

      To visit the library, please access the plan sponsor website (or financial intermediary website) and view the “BPA News” tab. The library can be found as the first link on the navigation strip. It can also be found at http://www.bpah.com/library/

      We hope this new service is helpful to our clients. As always, please call your BPA Plan Consultant with any questions you may have.

    • June 17, 2008

    • New Loan Request Process

      Effective June 17th, 2008, BPAH is pleased to announce a new feature to further automate the loan request process for plans that offer traditional loans. As before, participants will be able to perform loan availability and modeling within the participant website where the Plan permits. However, the loan paperwork will now be available directly in the participant website, where it can be printed, completed, signed and faxed back to BPAH for processing.

      How it works:

      • The participant models a loan by going to the “Request Changes” tab and choosing “Loan Modeling” on the left navigational strip (no change).
      • The loan choices available in the plan will be displayed, including the ability to print the form, or have it mailed if a printer is not available to the participant.
      • Once the terms of the loan modeling are satisfactory, the participant may choose “Submit Loan Forms Request”.
      • The application and amortization schedule will be generated and posted to the “Mail Tab” of the website in a PDF file within minutes.
      • The entire application can then be printed, completed, signed, and faxed or mailed to BPA for processing.

      Additional notes:

      • If participants do not have a printer available, they can access the website later from another computer that has a printer, and print the paperwork from the Mail Tab.

      • If participants do not have internet access, our current process will still apply: a participant would call the automated Voice Response Unit (VRU), or our CSR team to request loan paperwork and have it mailed to their home address.
      • If participants need assistance from HR to initiate a loan request, the same steps can be completed by HR through the plan sponsor website. (This will be particularly helpful in loan requests where a “time crunch” is involved).
      • For a sample of what the new dynamic forms package looks like, please click the following links: Sample Loan Application and Sample Amortization Schedule.

      By making the loan paperwork available immediately and eliminating mailing time (potentially in two directions), this should reduce loan turnaround time significantly. We hope you find the new feature helpful. We look forward to expanding this functionality to other types of withdrawal requests in the future. Please continue to check the Participant and Plan Sponsor Bulletin Boards for announcements as additional product enhancements are made.

    • June 9 , 2008

    • New report: The Participant Investment Grid

      In response to client requests, BPAH is pleased to roll out an additional report in the plan sponsor website. The Participant Investment Grid can be found in the Utilization Tab of the site. This report gives clients an actionable table of data covering the investment allocation of plan participants.

      This Excel (.CSV) file includes the following data points:

      • Plan number
      • Participant number
      • Name
      • Date of Birth
      • Date of Hire
      • Date of Termination
      • Address 1 and 2
      • City, State and Zip
      • A listing of all funds offered in the plan by ticker symbol
      • The participant’s total balance in each fund offered, as well as their total plan balance
      • The total plan-level balance in each fund
      • The number of participants invested in each fund
      • (For plans that offer models, the model number being utilized by each participant)

      Since the report is provided in an Excel format, it can easily be sorted in a variety of ways. This can allow the user to answer a variety of questions on investments, such as “Who are the largest holders of the ABC Fund?”, or “Which participants are invested in the XYX Fund?”. If special mailings or other communications are being contemplated (such as a memo to participants invested in a particular fund), this report will make it easy to do so.

      Along with other .CSV files contained in the site, this report will be updated each weekend by BPAH. We hope you find this a valuable addition to the plan sponsor site.

    • April 10, 2008

    • AIM Fund CUSIP Changes and Fund Name Changes.

      AIM has announced cusip and fund name changes , that will take effect on April 30, 2008 and May 1, 2008 as outlined here. Select the links below for details.

      • Effective April 30, 2008 AIM Dynamics Fund and AIM Summit Fund will have new CUSIP numbers.
      • Effective April 30, 2008 AIM Total Return Bond Fund and AIM Intermediate Government Fund will have new names.  The CUSIPs will remain the same
      • Effective May 1, 2008 AIM Global Aggressive Growth Fund will have a new name.  The CUSIP will remain the same.

      If you have any questions, please contact Invesco Aim Dealer Services at 800-949-4246.

    • April 7, 2008

    • Guided Tour of The Plan Sponsor Website

      BPAH is pleased to launch our guided tour of the plan sponsor website. This multimedia presentation is deployed through Brainshark™. The voice-narrated presentation showcases the many features of the site while educating plan sponsors on our daily administrative environment. It also includes a number of helpful tips to optimize the plan sponsor’s retirement plan experience. The presentation will be valuable for new plans as they convert to BPAH, and as a “refresher course” for existing clients on all the features of the site.

      To view the presentation, please visit the following link:

      http://www.brainshark.com/communitybankna/PlanSponsorSiteDemo

      Attached is a plan sponsor website map which will be useful as you view the presentation. This website map and the link to the multimedia presentation will also appear in the “BPA News” tab of the plan sponsor website.

      After viewing the presentation, please call your BPAH Plan Consultant with any additional questions. We hope that this new resource will help clients get the most value from their plan sponsor website!

    • April 7, 2008

    • Dreyfus has made the following announcements regarding mergers of the below mentioned funds.

      Effective April 25, 2008 the Dreyfus Premier Managed Income fund will merge into the Dreyfus Intermediate Term Income Fund. Upon the merger on April 25, 2008, the Intermediate Term Income Fund will change its name to Dreyfus Premier Intermediate Term Income Fund.

      Also effective April 25, 2008, the Dreyfus Founders Balanced Fund, will be merging into the DreyfusLifeTime Growth and Income Fund.

     

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  • 2007

    • March 19,2007

    • Important notice: Excelsior Funds becoming Columbia Funds

      During 2007, the Excelsior family of funds was acquired by Columbia Funds. As of 3/28/2008, the Excelsior Funds will undergo a name change from “Excelsior” to “Columbia”. Ticker symbols for these funds will remain the same, but fund CUSIPs are changing, and certain share class names will be modified as well. Of particular note in the BPAH platform is Excelsior Value & Restructuring (ticker symbol UMBIX). This fund will be renamed as the Columbia Value & Restructuring Fund, using the same ticker symbol. Note that the 60 day trading restriction that existed with UMBIX (and many other Excelsior Funds, with the exception of certain international funds) will be removed once this transfer is effective.

      For additional information on this fund action, please visit http://www.columbiafunds.com/Excelsior.htm

      This name change will not present any blackout period or other disruption for plan participants.

 

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