Plan Sponsor Bulletin Board

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2018

November 29, 2018

Special Notice Regarding Year-end Capital Gain Distributions

As happens every year, mutual funds are now posting various types of capital gains for year end 2018 based on the change in value of various securities held during the year. When a capital gain is declared, participants may notice a fairly dramatic drop in the price of one or more funds, followed by the posting of additional shares several business days later (which makes up for the difference). Since BPAS receives many questions from participants each year when capital gain distributions are made, we have prepared this memo to explain the process and alleviate concerns among participants.

Read the full notice regarding year-end capital gain distributions here.

November 29, 2018

Decatur Capital Management, Inc. (“DCM”) to Partner with Hand Benefits & Trust on Collective Investment Funds

Houston, TX, November 29, 2018 — Hand Benefits & Trust (HB&T), a BPAS company, announced today that it has been selected by Decatur Capital Management, Inc. (DCM), to establish a new ESG focused US Equity collective investment fund (CIF) effective January 1, 2019. HB&T is a leading national provider of employee benefit trust services.  The new collective investment fund will be available to qualified retirement plans and will trade on most major record-keeping platforms.

Read the full news release here.

November 28, 2018

IRS Announces 2019 Cost of Living Adjustment Figures

The IRS has released cost of living adjustment figures for 2019.  A list of the 2019 IRS contribution and related limits, along with a comparison to 2017 and 2018 limits is available by clicking here to view the Cost of Living Adjustment Figures summary,

November 12, 2018

ABG Consultants to Partner with Hand Benefits & Trust on Collective Investment Funds

Houston, TX, November 12, 2018 — Hand Benefits & Trust (HB&T), a BPAS company, announced today that it has been selected by ABG Consultants, LLC to establish a series of risk‐based collective investment funds (CIFs) effective February 1, 2019. HB&T is a leading national provider of employee benefit trust services.  The HB&T CIFs will provide ABG Consultants with a new alternative to handling risk‐based models on a recordkeeping system.

Read the full news release here.

October 23, 2018

ACH Distribution Update

Over the past year, there have been many developments in information technology and security within the financial services industry. In light of new and emerging threats, retirement service providers have had to re-evaluate distribution methods for retirement plan assets to protect participant accounts. Please read more here for a summary of the BPAS position on electronic ACH Distributions.

April 09, 2018

BPAS Acquires Puerto Rico’s HR Consultants

San Juan, PR—April 9, 2018. Benefit Plans Administrative Services, Inc. (BPAS) announced today that it has acquired the business of HR Consultants (SA), LLC, in Puerto Rico.  Both Adrian Robles and Hector D. Gaitan, FCA, ASA, MAAA, EA, of HR Consultants have already joined the staff of BPAS under an interim arrangement.

To view the full press release, click here.

March 26, 2018

New BPAS Retire Mobile App Launched

BPAS has launched the first version of our new mobile app, which is available for both iPhone and Android devices. For instructions on accessing the BPAS Retire app, please visit www.bpas.com/participants/bpas-retire-mobile-app/. Download the  mobile app flyer to view the latest information about the app. In the coming quarters, additional functionality will be deployed into the app, including full online enrollment, investment transfers and more. As always, the full participant website can be accessed through most mobile devices as well.