Supreme Court Will Weigh in on Retiree Health Benefits in M&G Polymers v. Tackett
The decision should provide clarity and may have significant implications for an employer’s right to amend or terminate retiree health benefits.
Oct 06, 2014
As the Supreme Court begins its October term today, one of the cases on the docket is M&G Polymers v. Tackett. In this case the Court will address how to interpret...
Read moreFor the Youngest of the Baby Boomers, Some Words of Encouragement
The first of the Boomers are now retired or semi-retired and we’re now looking at the 60’s and 70’s in our rear view mirrors.
Sep 16, 2014
This post originally appeared on the Nottingham Advisors blog. Nottingham Advisors is a subsidiary of Community Bank System, BPAS’ parent organization. The author, Kathy Strohmeyer, has 41 years of industry experience....
Read moreAudit Jeopardy!
Audit Jeopardy! Plan sponsors are playing it, often unknowingly, when they fail to timely file complete and accurate Form 5500’s required for their qualified retirement plans.
Aug 22, 2014
I’ll take “Odd Pairs” for $1,000, Alex. Form 5500 and disgruntled employees. What are the two most frequent triggers of a DOL audit? Audit Jeopardy! Plan sponsors are playing it, often...
Read moreTop Ten Reasons New, Younger Employees Should Join Their 401(k) Plan
Younger employees don't need to ignore retirement planning. Here are our 10 reasons to join their 401 (K) plan!
Aug 11, 2014
My daughter recently graduated from college and found a good job with benefits in her area of interest. I was so proud of her! As a mother, I still felt it...
Read moreIs Your Church Plan Established and Maintained by a Church?
ERISA was enacted in 1974 to protect workers’ benefits in both pension plans and welfare plans, but that protection comes with many requirements.
Aug 04, 2014
ERISA was enacted in 1974 to protect workers’ benefits in both pension plans and welfare plans, but that protection comes with many requirements. Church plans, however, are exempt from Titles I and...
Read moreRethinking Automatic Enrollment
Automatic enrollment is one way employers can help participants to do what they need to do.
Jun 16, 2014
To say I disliked a trip to the dentist when I was a kid would be an understatement. I’m not sure if it was the needles or the drills I hated...
Read moreYou’ve Just Inherited A Retirement Account…Now What?
Congratulations! You've inherited a retirement account! What do you next? Here are three options.
May 05, 2014
Congratulations! You’ve inherited a retirement account! What do you do next? Here are three options. Option 1: Open An Account Called An Inherited IRA With this option, you can rollover the...
Read moreA Nutrition Label for Your Retirement Plan
Have you ever thought of your retirement plan as a nutrition label?
Apr 14, 2014
Like many Americans, my commute to the office often involves a detour to Starbucks for coffee and a pastry. One day as I perused the menu, I noticed that the nutritional...
Read moreFixing Operational Roadblocks In Your Retirement Plan
Recently, the regulatory environment for retirement plan sponsors has become increasingly complex.
Apr 07, 2014
Recently, the regulatory environment for retirement plan sponsors has become increasingly complex. Unfortunately, this complexity can lead to operational errors in qualified plans. Recognizing that even with the best intentions some...
Read moreWhat Is A VEBA And How Can It Help Me?
A VEBA is a tax exempt irrevocable trust arrangement in which funds are deposited by the employer on behalf of the employee.
Mar 24, 2014
A common question we hear when we speaking with clients and their employees is “What is a VEBA?”
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