Deals and People September 6, 2012

Sageview Adds Team Members

September 6, 2012 (PLANSPONOR.com) – SageView Advisory Group has added six retirement industry veterans to its team.
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Sara Jaggars, Tim Duncan and Gregory Koehler are the newest additions to the Kansas City office, while Julie Kim and Dan Quirk, CFA, CFP have joined SageView’s Western office, located in Irvine, California. Mark Foster is the newest member to join SageView’s Boston office.  

Prior to joining SageView, Jaggars held the role of Portfolio Manager at M&I Institutional Trust Services, a division of M&I Bank. She joins SageView as a senior investment adviser, and brings more than 13 years of experience in the financial services industry.  

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Also coming from M&I Bank, Duncan brings 14 years of industry experience, with his most recent role being vice president and institutional portfolio manager for M&I Retirement Services. He joins SageView as a retirement plan consultant.  

Koehler was most recently a financial adviser for Raymond James Financial Services in Columbus, Ohio. In his new role with SageView, Koehler will co-lead the Wealth Management division for SageView‘s Midwest Region.  

Rounding out the Western Advisory team, Kim joins SageView from Wells Fargo, where she served as an account executive. Kim has worked exclusively in the retirement industry for over 16 years, and will continue her career as account executive with SageView.   

Quirk joins SageView from his prior roles as partner at San Francisco-based Seacliff Capital and investment analyst at J.P. Morgan. His current responsibilities at SageView include senior investment adviser and investment committee member.     

Foster brings 16 years of industry experience that includes prior positions with CIGNA, Putnam Investments and The Hartford. Foster will be based in SageView’s Boston office, and will focus on retirement plan consulting of new business and relationship management.
Products September 6, 2012

BPAS Offers Plan Loan Continuation Feature

September 6, 2012 (PLANSPONSOR.com) – Benefit Plans Administrative Services, Inc. (BPAS) has released a program that aims to help terminated employees continue to repay their loans after separation from service.
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Under the MyPlanLoan Continuation Program, terminated participants have the ability to continue repaying their loan under the original terms, avoiding significant tax penalties associated with a default.  BPAS handles all billing, payment processing and administrative functions – receiving monthly payments directly from participants, and depositing payments to each participant’s plan account.   

The service is also available for the loans of active participants and the conversion of existing loans – providing flexibility while allowing human resources to exit the business of loan administration.   

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“This automated process eliminates the headaches of loan administration.  It allows loans to be repaid more quickly and can boost overall plan participation,” said Barry S. Kublin, president of BPAS. “Our prudent loan program allows plan sponsors to set loan limits below 72(p), preventing employees from borrowing more than they should, and protecting retirement savings.  It’s a solution that benefits everyone.”  

The MyPlanLoan Continuation Program is available for retirement plans administered by BPAS. The entire MyPlanLoan program is available to third party administrators and retirement service providers as a standalone service, with BPAS providing all back office support functions.   

For more information about MyPlanLoan, contact Gwenn Paness, sales director, at (646) 285-4937 or gpaness@bpas.com. 

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