Retirement Plan News July-August Edition
Retirement distribution advice July-August edition
Aug 10, 2015
It is common practice for financial services firms to contact 401(k) participants who are nearing retirement to discuss rolling over their 401(k) nest egg into an individual retirement account (IRA). Several...
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IRS Issues Mortality Tables Effective 2016
This notice provides the updated mortality tables for defined benefit plans for 2016.
Aug 07, 2015
At the end of July 2015, the Internal Revenue Service issued Notice 2015-53. This notice provides the updated mortality tables for defined benefit plans for 2016. The tables issued will be...
Read morePBGC Announces Proposed Rules on 4010 Filing
Read more about the new rules and regulations on 4010 Filing.
Jul 28, 2015
Yesterday, the Pension Benefit Guaranty Corporation issued Proposed Regulations which would seek to amend the PBGC 4010 filing requirements for potentially distressed single-employer plans. These new regulations would amend the current...
Read moreIRS Release Prohibits Defined Benefit Lump-Sum Annuity Buy Outs
This notice prohibits a sponsor of a defined benefit (DB) pension plan from offering a lump sum to a retired participant. Read more.
Jul 20, 2015
On July 9, 2015, the IRS issued Notice 2015-49, “Use of Lump Sum Payments to Replace Lifetime Income Being Received by Retirees Under Defined Benefit Pension Plans.” This notice prohibits a...
Read morePenalty Relief Program for Late Filing of Form 5500-EZ
Form 5500-EZ returns are used only by plan administrators and plan sponsors of retirement plans that are not subject to the reporting requirements of Title I of ERISA and hence are used to satisfy only the reporting requirements of the Internal Revenue Code.
Jun 16, 2015
Form 5500-EZ returns are used only by plan administrators and plan sponsors of retirement plans that are not subject to the reporting requirements of Title I of ERISA and hence are...
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Tibble v. Edison: What’s an Advisor to do?
Find out what the case of Tibble v. Edison means for you and your fiduciary duties.
May 27, 2015
In Tibble v. Edison International, the Supreme Court was asked to decide whether a claim that fiduciaries breached their duty of prudence was barred by the statute of limitations when the...
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So, How Are We Doing?
We want to know how you think we’re doing with our Blog. Check out the survey at the bottom of the post.
May 18, 2015
For a little over a year, the BPAS Blog has attempted to provide timely, factual and relevant content to our readers, often written with a hint of humor. We want to...
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BPAS Announces Corporate Promotions
BPAS promotes key executives within its defined contribution services division.
May 15, 2015
Utica, NY – May 1, 2015 – BPAS, a national provider of retirement services headquartered in Utica, NY announced today the promotion of two key executives within its defined contribution...
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Setting Up Your Employees for Financial Success
Learn about the most effective retirement automatic enrollment designs for your employees and three common mistakes to avoid.
May 11, 2015
I want you to imagine you’re starting a fitness or weight loss program. However, on this program, you have your own full-time personal trainer, nutritionist, chef, wellness coach, housekeeper, baby sitter,...
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Proposed DoL Fiduciary Rules to be Key Topic for Discussion at the 2015 BPAS Partner Conference
Proposed DoL Fiduciary Rules are to be a key topic for discussion at the 2015 BPAS Partner Conference.
Apr 28, 2015
April 27, 2015- CHARLOTTE, NC — Last week, the Department of Labor (DoL) released a 120-page proposal aimed at redefining who is (and isn’t) a “fiduciary” of an employee benefit plan...
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