Reports Highlight Serious Concerns with Multiemployer Pension Plan Funding
The funded status of the US multiemployer pension plan (MEPP) system continues to be an area of concern. Read more and find out how BPAS can help you.
Sep 08, 2015
The funded status of the US multiemployer pension plan (MEPP) system continues to be an area of concern. There are roughly 1,200 plans in the system covering 10 million participants and...
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IRS Issues Mortality Tables Effective 2016
This notice provides the updated mortality tables for defined benefit plans for 2016.
Aug 07, 2015
At the end of July 2015, the Internal Revenue Service issued Notice 2015-53. This notice provides the updated mortality tables for defined benefit plans for 2016. The tables issued will be...
Read moreIRS Release Prohibits Defined Benefit Lump-Sum Annuity Buy Outs
This notice prohibits a sponsor of a defined benefit (DB) pension plan from offering a lump sum to a retired participant. Read more.
Jul 20, 2015
On July 9, 2015, the IRS issued Notice 2015-49, “Use of Lump Sum Payments to Replace Lifetime Income Being Received by Retirees Under Defined Benefit Pension Plans.” This notice prohibits a...
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Multiemployer Pension Reform Includes Sweeping Changes
On December 16, 2014, the President signed into law a bill which included significant provisions for Multiemployer Pension Plans. Learn more about it.
Dec 17, 2014
On December 16, 2014, the President signed into law a bill which included significant provisions for Multiemployer Pension Plans. The applicable section of the bill is referred to as the Multiemployer...
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Affordable Care Act Employer Mandate- Play or Pay in 2015?
Learn how the Affordable Care Act Employer Mandate can affect you.
Oct 20, 2014
The Affordable Care Act (ACA) includes provisions to encourage applicable large employers to: Provide health care coverage to employees Make coverage affordable These ACA provisions impart an employer surcharge on those...
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Did You Miss the Required Minimum Distribution Deadline?
Did you miss the required minimum distribution deadline? Learn about the consequences of missing the deadline and how you can avoid them.
Jun 23, 2014
So, what is a “required minimum distribution” (RMD)? Basically, the IRS requires that owners of tax deferred retirement accounts begin withdrawing (and paying taxes on) minimum amounts each year upon attaining...
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BPAS Introduces the “Retirement Gap Report”
The Retirement Gap Report will help plan sponsors and advisors assess overall plan health by evaluating the projected retirement readiness of individual participants and the plan as a whole.
Mar 27, 2014
BPAS, is pleased to announce the launch of the “Retirement Gap Report” for the benefit of its retirement plan clients. A Valuable Tool To Help Measure Your Plan’s Effectiveness The Retirement...
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ADP Test Correction Options for Puerto Rico Plan Sponsors
Puerto Rico-qualified retirement plans still get a pass on any non-discrimination testing of employer match and post tax contributions; ACP testing is not required.
Mar 26, 2014
Puerto Rico-qualified retirement plans on a calendar plan year have until April 15, 2014 to choose their failing ADP test correction option. The New PRIRC of 2011 has added a 10%...
Read moreThe New FSA Use or Lose Ruling
The US Treasury Department modified its FSA “use-it-or-lose-it” provision to allow rollover of FSA funds. Learn more how this can benefit your company.
Feb 19, 2014
We are excited to share an announcement from the US Treasury/IRS that will make FSAs more attractive to employees. The “use it or lose it” rule has been a deterrent for...
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