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Thursday, June 1, 2017

Key Retirement and Employee Benefits Compliance Reminders for June

Due June 30th

  • Corrective distributions for failed actual contribution percentage (ACP)/actual deferral percentage (ADP) test without 10% excise tax penalty for plans with EACA.
Download the full 2017 Retirement and Employee Benefits Compliance Calendar.

If you have any questions or would like to begin talking to an advisor, please get in touch by calling (855) 882-9177 or e-mail us at

Wednesday, May 10, 2017

Upcoming Webinar

Get Ready for Paid Family Leave

Effective January 1, 2018, New York State Paid Family Leave Program will provide New Yorkers job-protected, paid leave. Working families will no longer have to choose between caring for their loved ones and risking their economic security.

But how does this impact you as the employer?

This webinar will cover the new regulations for the Paid Family Leave law and how to prepare for it including:
  • which employers are covered, and employees are eligible for benefits; 
  • the differences between Paid Family Leave (PFL), Disability Benefits Law (DBL) and the Family Medical Leave Act (FMLA); and 
  • what employers should do to get ready.

Thursday, May 18 at 11:00 a.m.

CLICK HERE to register

Monday, May 1, 2017

Q1 Market Recap - Yin and Yang

Last quarter we reported to you that investors turned decidedly bullish toward equities after the U.S. election. That trend continued in the first quarter of 2017, with the S&P 500 Index hitting an all-time high of 2395.96 on March 1, immediately following President Trump’s conciliatory speech to Congress. That represented a 12% advance in the Index from pre-election levels. The Index closed the quarter off the all-time high, at 2362.72, as investors re-evaluated the probability of President Trump and Congress’ ability to deliver on tax cuts and increased federal spending on infrastructure. The S&P 500 returned a very strong 6.07% in the first quarter—the sixth consecutive quarter of positive returns for the Index.

In Chinese philosophy, yin and yang describe how seemingly opposite or contrary forces may actually be complementary, interconnected, and how they may give rise to each other as they interrelate. The U.S. has entered a period where proposed policy or political risks, the "yin" have moved to the forefront in driving market volatility, the "yang."

Read the Q1 Retirement Market Recap to learn more about the "yin and yang" forces affecting the U.S. market performance, and also review tips on "Understanding Your Retirement Plan Fee Methodology".

If you have any questions, or would like to begin talking to a retirement plan advisor, please get in touch by calling (855) 882-9177 or e-mail us at

Thursday, April 27, 2017

"Avoiding Litigation and Fiduciary Pitfalls"

Fiduciaries of defined contribution retirement plans are under closer scrutiny than ever before.  Plan participants are filing lawsuits,  and a number of organizations, have recently appeared in the headlines as defendants in class action lawsuits relative to their retirement plans. Lawyers on behalf of retirement plan participants are now setting their sights on non-profit institutions. This is a wake-up call to all non-profit organizations to make sure their retirement plan fiduciary oversight is robust and compliant.

Join us on May 3rd at the 30th Annual FMA Conference where Retirement Advisory experts John Jezsu and Peter Margiotta will present "Avoiding Litigation and Fiduciary Pitfalls." The presentation includes an overview of ERISA and DOL requirements for plan fiduciaries, retirement plan litigation, the risk to the healthcare and not-for-profit industries, preventative measures to avoid litigation, and what the future may hold.

Monday, April 24, 2017

Upcoming Webinar:

Pension Plan Cost Reduction and De-Risking Strategies

Did you know that your PBGC* per-head cost will have increased 130% between 2012 and 2019?

And your PBGC variable rate will have increased by 390%!

This one-hour, free webinar is a must for healthcare finance executives who are interested in paying less to run pension plans. Join us on May 24 at 11 a.m. to learn more about:
  • how to decrease costs and save money; 
  • pension de-risking concerns and solutions; 
  • pension risk transfer steps available to plan sponsors; and 
  • why plan sponsors should consider acting now to take advantage of these strategies.


Peter Margiotta
Vice President, Business Development
HANYS Benefit Services

Michael E. Devlin 
BCG Pension Risk Consultants