Special Announcements

Secure Act 1.0 Lifetime Income Illustration

Date:

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…

2021 UPAL Pooled Fund Audit

Date:

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…

BOK Financial Sweeps Best in Class Awards

Date:

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

Date:

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…

Charitable Giving with a Tax Benefit

Date:

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.

2021 Mid-Year Market Outlook Call

Date:

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…

Recommended Change within UPAL Large Cap Value Fund

Date:

As part of the oversight and due diligence on investments, we routinely check the pricing of plan investments to ensure that the most appropriate fund option is available.  Upon the advice of the Strategic Investment Advisory Group, the SDPR S&P Dividend ETF will be replaced with the Schwab Dividend ETF as the dividend-focused strategy within the UPAL Large Cap Value Fund effective immediately. The Schwab ETF has a lower expense ratio (0.06% versus 0.35%).  The Schwab ETF has historically tracked its index, the Dow Jones US Dividend 100 Index, closer…

UPAL Special Notice

Date:

Annually, UPAL requires an Audit of its Common Collective Pooled Trust Funds which hold retirement plan core assets.  If you are a participant in a participating Plan, an investor in the Pooled Funds or a Plan Sponsor and would like a copy of the Audit of the Pooled Funds, please send an email requesting a copy of the Audit to Kent Butcher, President/CEO, at kbutcher@upal.com or Lea Ann Nunley, Vice President of Retirement Plan Services, at lnunley@upal.com.  Upon receipt of your written request, a copy of the Audit will be sent to you…

Manager Change to the UPAL S&P 500 Index Equity Fund

Date:

Effective:  ­­­­November 27, 2020 IMPORTANT ANNOUNCEMENT – CHANGE TO MANAGER LINE-UP FOR THE UPAL S&P INDEX EQUITY FUND As part of the oversight and due diligence on investments, we routinely check the pricing of plan investments to ensure that the most appropriate fund option is available.  Upon the advice of the Strategic Investment Advisory Group, the independent investment advisors to the Program, we have been evaluating S&P 500 Index options, as well as index options in other spaces, for several months now, and through our research we found that the…

Changes Approved to Several UPAL Pooled Funds

Date:

At the June 2020 meeting of the UPAL Financial Management Committee, approval was given to making  changes to the underlying funds of the UPAL Large Cap Value Pooled Fund, UPAL US Small Cap Pooled Fund, UPAL International Pooled Fund, UPAL Global Public Real Estate Pooled Fund, and UPAL Alternative Investment Fund.  Approval was given based on the recommendations of the Strategic Investment Advisory Group of independent investment advisors to the UPAL Retirement Program. Removal of Several DFA Funds UPAL Large Cap Value Pooled Fund – The DFA Large Cap Value…