BPP401k.com Newsletter
June 24, 2009
News Highlights
Due to the amazing number of questions we've had about the BPP/QPS merger, we've decided to dedicate a large portion of our weekly newsletter to address these topics. As always, please feel free to contact us with any questions, comments or concerns.
- Will my plan be transferred to the other team based on geography? Will I still work with the same Retirement Plan Specialist?
Your existing contacts will remain unchanged and you can continue using the same communication channels to which you are accustomed. Your plan will not be transferred based on your geographic location. All service agreements in place will be honored.
- Should advisors address proposals to the different teams based on territory or state?
No. The new BPP will double its sales force, augment its products and services and dramatically increase advisory referral channels. Our team is not approaching the merger with a Missouri/Illinois split in mind; both teams have always served the entire St. Louis metro region and Illinois and will continue to do so.
- Is Nancy Flachsbart retiring?
No, Nancy is not retiring and she will continue to lead the BPP-Illinois team in Highland. “I wanted to ensure the business I’ve built over the last quarter of a century was going to be in good hands. I’ve looked into other merger opportunities in the past, but none have been the right fit, until now,” says Flachsbart. “We have served the Metro St. Louis area with such a high quality of service. When I’m ready to retire in the next three to five years I needed to make sure my employees and clients would be treated well – and they will.”
We will continue to honor your existing pricing agreement for the foreseeable future.
This merger is part of a long-term business plan and strategy to maximize opportunities in today’s competitive markets. The new organization is uniquely positioned to provide the most comprehensive retirement plan solutions in the marketplace.
- What does the BPP service line include?
Expanded product offerings include custom plan design, compliance and administration services for 401(k),
403(b), 457 and Cafeteria/125 plans. In addition consulting services such as technical corrections,
searches, as well as an exclusive Fiduciary Health Check™ are available.
- Where did the QPS website go?
The QPS website has been incorporated into www.bpp401k.com
FSA information can be found HERE
Employer forms can be found HERE |
|
House Panel Approves 401(k) Transparency Bill A bill advanced by a House subcommittee seeks to make 401(k) participants more aware of plan fees and, hopefully, rebuild confidence in their retirement programs.
Role of Target-Date Funds Questioned at Joint Hearing The Department of Labor and Securities and Exchange Commission held a hearing last week to address concerns about the role of target-date funds in retirement savings.
Study Illuminates 401(k) Participants’ Preferences for Fee Disclosures 10th Annual Transamerica Retirement Survey Reveals Opportunities to Increase Awareness of Fees
IRS Adds Tools to Help Prepare for Plan Audits The Internal Revenue Service (IRS) has recently added updated tools to its Employee Plan Team Audit (EPTA) Web site.
This eNewsletter is published as a service to our clients. BSW Benefit Plans Plus, L.L.C. is not the author of the material unless specifically noted. We review each article to ensure that it is related to the interests of our clients, but BSW Benefit Plans Plus, L.L.C. does not endorse and disclaims any and all responsibility or liability for the accuracy, content, completeness, legality, or reliability of the material. All articles are copyrighted to their publishers.
This eNewsletter is prepared in partnership with 401khelpcenter.com, LLC. and is copyright (c) 2008 by 401khelpcenter.com, LLC. All rights reserved. No reproduction without prior authorization.
THIS ENEWSLETTER IS PROVIDED FOR INFORMATIONAL PURPOSES ONLY AND IS NOT INTENDED AS LEGAL, TAX OR INVESTMENT ADVICE.
