The Wait is Almost Over!
IRS proposes new mortality tables for pension funding and lump sum payments.
Mar 07, 2017
In general, for purposes of calculating the present values in single-employer defined benefit pension plans for minimum funding requirements, PBGC premium payments and minimum lump sum amounts, plan sponsors must use...
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Great News for Small Group Employers
21st Century Cures Act amends ACA to exclude QSEHRA's, plan from requirements preventing HRAs from reimbursing individual insurance premiums.
Feb 22, 2017
By Scott Wold, Hitesman & Wold, P.A. with interpretation by David Ritchie, Vice President of VEBA Sales, BPAS VEBA & HRA/HSA Services As you’re likely already aware, the Affordable Care Act...
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Announcing the 4th Annual BPAS Partner Conference
4th annual BPAS Partner Conference returns to the Hilton at Penn’s Landing in Philadelphia, PA in 2017 from June 5-7.
Feb 16, 2017
We invite you to join us at the: 4th Annual BPAS Partner Conference June 5 – 7, 2017 Hilton at Penn’s Landing Philadelphia, PA After the overwhelming success of last year’s...
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A Tradition of Giving
BPAS continues its tradition of donating to charitable organizations across the U.S.
Dec 22, 2016
At BPAS, the holiday season gives us time to reflect on the past year and thank those who have helped shape our business. In the spirit of the season, and in...
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Proposed Regulations for Non-Hybrid Type Defined Benefit Plans
The IRS issued proposed regulations for non-hybrid type defined benefit plans.
Dec 13, 2016
The IRS issued proposed regulations for non-hybrid type defined benefit plans. In general, current regulations provide that a defined benefit plan must provide that the present value of an accrued benefit...
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BPAS and NRS – A Winning Combination
BPAS announces that parent company Community Bank System, Inc. has entered into an agreement to acquire Northeast Retirement Services, Inc.
Dec 05, 2016
BPAS is pleased to announce that our parent company Community Bank System, Inc. (NYSE: CBU) has entered into an agreement to acquire Northeast Retirement Services, Inc. (NRS), a leading provider of...
Read moreYour Money. Your Terms – How to Avoid Paying the 10% Penalty on Retirement Savings Withdrawals. The Qualified Education Expenses Exemption
How to avoid paying the 10% penalty on Retirement Savings Withdrawals. The Qualified Education Expenses Exemption.
Nov 22, 2016
Continuing in our series on exceptions to the 10% withdrawal penalty on retirement savings, we highlight how to take advantage of the exemption for qualified higher education expenses.* Eligibility Qualified education...
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New HRA Integration Rules
New rules governing HRA plans will have a big effect on notional HRA and VEBA/HRA plans.
Nov 07, 2016
As we head into the 2017 open enrollment season, it’s important to be aware of regulatory changes that could impact employer decisions on which group health and welfare packages are best...
Read moreAnother Year, Another Mortality Improvement Scale
The Society of Actuaries released the 2016 mortality improvement scale and mortality tables for pension programs.
Oct 31, 2016
In October 2014, the Society of Actuaries (“SOA”) released the RP-2014 Mortality Tables and Mortality Improvement Scale MP-2014, establishing the new basis for mortality assumptions for pension programs. These new mortality...
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Busy Day for the Regulatory Agencies
Department of Labor and IRS post Conflict of Interest Regulations and other important updates.
Oct 28, 2016
On October 27, 2016 we received important updates from both the Department of Labor and the IRS. From the Department of Labor The Department of Labor, more specifically, the Employee Benefit...
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