Participant Bulletin Board
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.
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,
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.
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.