The Risk Retention Reporter (the authoritative journal for the risk retention marketplace) has compiled its risk retention group actuary and auditor rankings for 2022. Risk retention groups (“RRGs”) are liability insurance companies owned by their members. RRGs allow entities with similar insurance needs to pool their risks and form insurance companies that they operate under…

This is the first of a series of planned articles about how TEAM BPS is involved in our communities (SC Midlands, Spartanburg, Jefferson, SC, Atlanta, Philadelphia). In this article Thomas Pietras, a BPS founder, reflects on his 40+ years of community involvement. I graduated from the University of South Carolina in May 1979 and went…

In this article, we highlight two recent financial modeling projects performed by BPS for clients, including functionality added to provide management with the information to achieve its specific goals. Example 1: Potential Acquisition A client (the “Buyer”) was considering a strategic acquisition of a similar company in a different geographic market (the “Target”). To help…

The Setting Every Community Up for Retirement Enhancement (SECURE) Act of 2019 was created for employer-sponsored retirement plans to encourage more Americans to save for their future. As of December 29, 2022, the SECURE 2.0 Act provisions do even more to help increase the ability of Americans to save for retirement. Below are a few…