Fixing 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...
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Health FSA Plans Grace Period For Calendar Year Has Ended!
For those participating in a calendar year Health Flexible Spending Account plan that adopted the grace period, the deadline for incurring expenses against 2013 account balances expired on 3/15/2014.
Mar 31, 2014
For those participating in a calendar year Health Flexible Spending Account plan that adopted the grace period, the deadline for incurring expenses against 2013 account balances expired on 3/15/2014.
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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 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?”
Read moreTraditional Defined Benefit Plan or Cash Balance Plan, Which is The Best Way to Go?
There are two general types of pension plans: defined benefit plans and defined contribution plans. Which is the best way to go?
Mar 18, 2014
There are two general types of pension plans: defined benefit plans and defined contribution plans. Defined benefit (DB) plans provide a specific benefit at retirement for each eligible employee, while defined...
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Contribute to Your IRA for 2013, It’s Not Too Late!
As a reminder, taxpayers have until the filing deadline for their 2013 tax return (generally, April 15) to make an IRA contribution for last year
Mar 10, 2014
As a reminder, taxpayers have until the filing deadline for their 2013 tax return (generally, April 15) to make an IRA contribution for last year. An IRA contribution may be a...
Read moreA Practical Guide for Setting Your New Cash Balance Plan’s Interest Crediting Rate
The popularity of cash balance plans for small businesses continues to grow and as we consult with prospective clients and their investment advisors, the second biggest decision after deciding to go forward with adopting the new plan always seems to be the interest crediting methodology.
Mar 03, 2014
The popularity of cash balance plans for small businesses continues to grow and as we consult with prospective clients and their investment advisors, the second biggest decision after deciding to go...
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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