Health FSA

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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Retirement Gap Report

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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Traditional 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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IRA

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...

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A 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...

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The 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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