How BPAS Supports Our Troops
Read how BPAS has been honoring our military through a variety of charities and other fundraising efforts with this infographic.
Sep 28, 2015
At BPAS, we are grateful to the men and women who served, and are currently serving, in our military forces. Our employees honor these brave men and women through a variety...
Read moreGASB 68 Employer Allocation for NYSERS Report
Learn about the GASB68 report and how it will affect you.
Sep 21, 2015
New York State has the third largest pension fund in the United States with $184.5 billion in audited net assets (March 31, 2015) held in trust for pension benefits. There are...
Read moreReports 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...
Read morePBGC and IRS Release Guidance on Multiemployer Plan Partitions & Benefit Suspensions
PBGC and IRS Release Guidance on Multiemployer Plan Partitions & Benefit Suspensions
Aug 24, 2015
The Pension Benefit Guaranty Corporation (PBGC) and the Internal Revenue Service (IRS) recently released temporary, proposed, and interim final regulations providing a framework for multiemployer plans that are in critical &...
Read more2015 BPAS Partner Conference Slide Presentations
View the presentations from the 2015 BPAS Partner Conference.
Aug 17, 2015
As many of you know, the BPAS Annual Partner Conference is a national event we host for the benefit of our financial intermediary partners. This year, we spent three days at...
Read moreRetirement Plan News July-August Edition
Retirement distribution advice July-August edition
Aug 10, 2015
It is common practice for financial services firms to contact 401(k) participants who are nearing retirement to discuss rolling over their 401(k) nest egg into an individual retirement account (IRA). Several...
Read moreIRS 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 morePBGC Announces Proposed Rules on 4010 Filing
Read more about the new rules and regulations on 4010 Filing.
Jul 28, 2015
Yesterday, the Pension Benefit Guaranty Corporation issued Proposed Regulations which would seek to amend the PBGC 4010 filing requirements for potentially distressed single-employer plans. These new regulations would amend the current...
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...
Read morePenalty Relief Program for Late Filing of Form 5500-EZ
Form 5500-EZ returns are used only by plan administrators and plan sponsors of retirement plans that are not subject to the reporting requirements of Title I of ERISA and hence are used to satisfy only the reporting requirements of the Internal Revenue Code.
Jun 16, 2015
Form 5500-EZ returns are used only by plan administrators and plan sponsors of retirement plans that are not subject to the reporting requirements of Title I of ERISA and hence are...
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