Skip to main content

James Kelley, President, HANYS Benefit Services, Joins the Retirement Advisor Council

HANYS Benefit Services (HBS) is pleased to announce the appointment of James J. Kelley, President, to the Retirement Advisor Council, effective January 1, 2018.

The Retirement Advisor Council is a national organization that advocates for successful qualified plan and participant retirement outcomes through the collaborative efforts of experienced, qualified retirement plan advisors, investment managers, and defined contribution plan service providers. To advance its mission, the Council undertakes initiatives in the areas of research, public relations and promotion, public education, regulatory positions, and practice management. The Council accomplishes this mission by:
  • identifying duties, responsibilities, and attributes of the professional retirement plan advisor; 
  • sharing professional standards with plan sponsors who are responsible for the success of their plans; 
  • providing collective thought capital to decision makers, product providers, legislators, and the public; 
  • giving voice to the retirement plan advisor community; and 
  • offering tools to evaluate advisors to ensure the quality of services provided. 
An acknowledged expert and thought leader with more than 25 years’ experience in the retirement industry, Mr. Kelley is an in-demand speaker at industry events. The Executive Board of the Retirement Advisor Council approved his nomination in January of 2018 after a comprehensive review process that took multiple factors into consideration, including his extensive industry experience and standing as a leading retirement plan expert.

"I am honored to now be a part of this organization,” Mr. Kelley said. “The Retirement Advisor Council is an assemblage of thought leadership from top advisory firms from around the country. Each member is genuinely interested in the advancement of plan sponsor and participant outcomes. The collective impact of the Council is amazing.”

As President of HBS, Mr. Kelley sets firm policy and directs all activities and services. His responsibilities include oversight of all operations, customer service, and personnel for retirement plan services, employee benefits, and all other advisory services.

Popular posts from this blog

COVID-19: Retirement and Benefit Plan Resources

As the COVID-19 crisis continues to unfold, we are closely monitoring news and updates from top sources. We’ll be updating this section as new developments unfold. Here are several key articles and links to help plan sponsors and administrators navigate the COVID-19 impact to retirement and benefit plans: Retirement Plans 4 Key CARES Act Provisions for Retirement Plan Sponsors Markets React to Coronavirus   Important Considerations for Retirement Plan Sponsors during the Coronavirus Pandemic In Fed We Trust Participant Education Services: Timely Help from a Safe Distance CRDs 100% Taxable for New York State and Local Income Tax Purposes in 2020 IRS Permits Remote Notarization of Participant Elections   Employee Benefits CARES Act Expands Health Coverage Rules Understanding the Historic $2 Trillion Stimulus Package Employee Compensation and Benefits During Closures and Furloughs DOL Clarifies Exemptions to Coronavirus Paid Leave Laws Small Business Exemption to

HBS named as a Top 100 Retirement Plan Adviser, again!

The 2021 PLANADVISER Top 100 Retirement Plan Advisers list is out—and HANYS Benefit Services is on it!  PLANADVISER’s Top 100 Retirement Plan Advisers is an annual list of noteworthy retirement plan specialists, based on number of plans and total assets under advisement — including sponsors of defined contribution, defined benefit and nonqualified plans. “Each recognition by PLANADVISER reaffirms our commitment to our clients.” said James J. Kelley, president, HBS. “HBS conducts business in a manner that is in the best interests of our clients, with an ultimate goal of assuring our clients’ employees are ready for retirement. We are grateful to our clients for allowing us that opportunity.” HBS is categorized by PLANADVISER as a large team, having met this year’s eligibility standards of $5 billion or more retirement plan assets under advisement. HBS was previously named to PLANADVISER’s list in 2019, 2017 and 2016.  HBS is a full-service, independent consulting firm, registered invest

Coronavirus-related distributions 100% taxable for New York state and local income tax purposes in 2020

The Coronavirus Aid, Relief and Economic Security (CARES) Act was signed into law on March 27. Under the Act, participants affected by the coronavirus may be able to take distributions in 2020 of up to $100,000 from an employer-sponsored retirement plan or an IRA. Although allowing these distributions from a qualified retirement plan is optional, we have seen that a number of employers have chosen to amend their plans to permit such distributions. The Act provides that coronavirus-related distributions will not be subject to the mandatory 20% withholding nor the 10% early withdrawal penalty (for those younger than 59½) that would otherwise apply.