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 moreThe Trend Toward Open-Architecture for Retirement Plan Sponsors
Answers to the top frequently asked questions on Open-Architecture for retirement plan sponsors.
Sep 08, 2014
What is an open-architecture retirement plan platform? Simply put: an open-architecture retirement plan platform allows participants access to all available registered Mutual Funds, including all low-cost, no-load funds, in all investment...
Read moreDeferred Vested Lump Sum Offering
BPAS insight on deferred vested lump sum offerings.
Sep 01, 2014
There has been a growing trend among pension plan sponsors offering former employees the opportunity to receive the value of their vested benefit as a one time lump sum. The benefit...
Read moreWhy Does BPAS Require So Much Data Every Pay Period?
Here are just a few of the benefits of providing all the required census information to BPAS throughout the year.
Aug 25, 2014
“Every pay period when I send my company’s contribution data to BPAS, you require a full census file, including all employees even if they don’t want to utilize the plan. Why...
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 moreHATFA Update
The Highway and Transportation Funding Act (HATFA) has been passed by both houses of Congress and is expected to be signed by President Obama.
Aug 01, 2014
The Highway and Transportation Funding Act (HATFA) has been passed by both houses of Congress and is expected to be signed by President Obama. Although not the primary objective of the...
Read moreDon’t Turn Off Your Faucet: A Political Opinion on Retirement Policy vs. Tax Policy
Learn more about TDE in this political opinion on retirement policy vs. tax policy.
Jul 28, 2014
About half the people I work with were born after I started my job here, so it’s become apparent that what I still think of as pop culture is now simply...
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