Budgeting Now for 2021 to Ease Plan Concerns
Sep 28, 2020
It may be that we are starting to notice dusk arriving earlier in Central New York or that we are just hoping to wrap up 2020 and start anew, but here...
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Mashed-Potato Pricing in DC Plans: How to Reclaim the Upper Hand
The goal of a fiduciary process is not to offer the cheapest fees, but rather determine what services the plan needs, then find the best quality of services at reasonable, competitive fees—driving value for the plan. We’ve allowed the selection of retirement plan service providers to slip into “mashed potato pricing”.
May 22, 2019
Creative practices by providers in how they bid retirement plans are great. But, how much additional liability do they create for plan sponsors? Let’s say you want to add a spare...
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It’s Time to Get Serious About Cash Balance Plans
Find out what a cash balance plan is, how it can help small business employers, and how you can find cash balance plan prospects.
Oct 05, 2018
This post was written by Joe Long, an external wholesaler with BPAS who has over 30 years of experience working with small business defined contribution and defined benefit plans. Small business...
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The President’s Executive Order to Secure America’s Retirement
Here’s how President Trump’s recently signed executive order will effect many of the same changes that are contained within the Retirement Enhancement and Savings Act.
Sep 20, 2018
This post was written by Sean Arnold Addressing the Retirement Gap President Trump’s recently signed executive order (see this article) appears to seek to effect many of the same changes that...
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Why You Should Choose BPAS as Your ESOP/kSOP Provider
There aren’t many administration firms that really understand ESOPs and kSOPs. But we do. Read this blog post to find out how we can help.
Aug 28, 2018
Do you feel like a fish out of water with your current ESOP/kSOP provider? If you feel like your current ESOP/kSOP provider doesn’t really get you, you’re not alone. Few administration...
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Pensioners Are Not Expected to Live as Long as Previously Assumed
The IRS announced the cost of living adjustments for 2018. This affects donation limits for pension plans and other retirement-related items.
Nov 06, 2017
On October 20, 2017, the Society of Actuaries (SOA) released MP-2017, an updated Mortality Improvement Scale for pension plans. The annually updated scale reflects age adjusted US mortality rates, which increased...
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Are Traditional Defined Benefit Plans Coming Back as Variable Annuity Pension Plans?
The Variable Annuity Pension Plan in combination with a 401(k) Profit Sharing Plan may be the answer to a more secure retirement.
Sep 05, 2017
Plan sponsors have moved away from the Traditional Defined Benefit (DB) Plan because of the cost and risks in maintaining these plans. What is a Traditional Defined Plan? A Traditional Defined...
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Is Your Defined Benefit/Cash Balance Plan Really Covered by the Pension Benefit Guaranty Corporation (PBGC)?
Certain Defined Benefit plans are exempt from PBGC coverage such as Professional Service Employers that have 25 or fewer participants.
Apr 25, 2017
The fact that premiums are paid to the PBGC does not determine coverage status! The PBGC is a government corporation, which insures benefits in DB plans when the plan assets are...
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Traditional Defined Benefit Plan or Cash Balance Plan – A Buy Out Tool
Traditional Defined Benefit Plan or Cash Balance Plan-A Buy Out Tools can be used to optimize a business sale to younger owners.
Mar 28, 2017
Are you ready to sell your business? Do you prefer to sell the company to your younger owner(s)? Are you interested in structuring the sale so that it is tax efficient...
Read more‘Tis the Season to Meet with Participants
Fall is a great time to provide participants with information at benefit fairs and open enrollment meetings.
Oct 11, 2016
‘Tis the season for football, pumpkin spice everything and open enrollment meetings. While fall tends to be a prime time for companies to roll out their healthcare plan changes, it’s a...
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