INDEPENDENT AUDITOR’S REPORT To the Audit Committee BOKF, NA, d/b/a Bank of Oklahoma, Trustee for Second UPAL Pooled Investment Trust for Retirement Plans Opinion We have audited the financial statements of Second UPAL Pooled Investment Trust for Retirement Plans (the Trust), which comprise the statements of assets and liabilities, including the schedules of investments, of each of the Funds as identified in Note 1 on pages 20 and 21 (the Funds) as of December 31, 2022, and the related statements of operations and changes in net assets and financial highlights…
The BOKF Asset Allocation Committee recently made a few changes to the tactical asset allocation guidance used to manage client portfolios. The Committee believes economic risks continue to skew to the downside and the probability of a recession has increased. The Federal Reserve is faced with the difficult choice of continuing to raise interest rates to fight inflation or pausing in the near future amidst instability in the banking system. Banks play a vital role in the health of the overall economy and pressures in the banking system may lead…
From RMDs to student debt, the new law has something for everyone. Signed into law on December 29, 2022, the Consolidated Appropriations Act, 2023, included the final SECURE 2.0 Act. This version of SECURE 2.0 is the result of the bipartisan efforts of both the House and the Senate to combine provisions each chamber separately proposed over this past year. The following is only intended to provide a brief summary of selected qualified retirement plan provisions included in SECURE 2.0. It is also important to note that additional guidance and…
Effective 6/30/2022, a new Lifetime Income Illustration will be included in all defined contribution participant statements. This new Lifetime Income Illustration is part of the Department of Labor (DOL) Setting Every Community Up for Retirement Enhancement (SECURE) Act of 2019. The goal of this new requirement is to help participants view their account balance in terms of how much income it would provide in retirement. The illustrations will include monthly payments in the form of both a single life annuity (SLA) as well as a qualified joint and 100% survivor…
INDEPENDENT AUDITOR’S REPORT To the Audit Committee BOKF, NA, d/b/a Bank of Oklahoma, Trustee for Second UPAL Pooled Investment Trust for Retirement Plans Opinion We have audited the financial statements of Second UPAL Pooled Investment Trust for Retirement Plans (the Trust), which comprise the statements of assets and liabilities, including the schedules of investments, of each of the Funds as identified in Note 1 on pages 20 and 21 (the Funds) as of December 31, 2021, and the related statements of operations and changes in net assets and financial highlights…
Once again BOK Financial ranked among top retirement plan providers in the country, according to the highly regarded 2021 PLANSPONSOR Defined Contribution Survey. The reviews from our plan sponsor clients earned us the top provider award with a 94% “Net Promoter Score*” and “Best in Class” honors in every category measured by PLANSPONSOR. This includes 12 areas of participant and sponsor services covering four broad categories: recordkeeping platform, participant services, sponsor services, and investments and fees. Each year, the magazine conducts a survey recognizing the top retirement plan providers in…
UPAL PHYSICIAN BOARD ANNOUNCES LEA ANN NUNLEY AS NEW CEO AND CHAUNCEY PICKERING AS MANAGER OF MARKETING AND FINANCIAL SERVICES
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Lea Ann Nunley UPAL is delighted to announce to its member physicians – their staff members, clients and our business partners – the appointment of Lea Ann Nunley as its new CEO effective October 14, 2021. Lea Ann will succeed Kent Butcher, UPAL’s CEO for the past 7 years. Lea Ann has been a key member of UPAL’s team for over 20 years. She is presently Vice President of Retirement Plan Services as well as a Registered Investment Advisor Representative for UPAL’s financial service offerings. Chauncey Pickering We are excited…
If you are a fan of The Tulsa Botanic Garden, you may be interested in a unique opportunity to support it through your charitable giving and benefit from a tax perspective through the advantages provided through a Conservation easement. To find out the details of the Tax Impact of a Charitable Contribution involving a Conservation Easement contact: Nancy Moore, Director of Development, (918) 289-0330.
Don’t forget to join us today, July 14! Our investment management team will provide a comprehensive market analysis, review the latest U.S. and global economic conditions and discuss what it means for you and your business. Brian Henderson, CFA, Executive Vice President, Chief Investment Officer Steve Wyett, CFA, Senior Vice President, Chief Investment Strategist Matthew Stephani, CFA, President, Cavanal Hill Investment Management Wednesday, July 14, 2021 3:30 – 4:30 p.m. CDT Submit a Question You may submit a question in advance using the button below. All questions will be submitted anonymously to our team. Questions…
