Roadways to Retirement
Defined Contribution Plans
BPAS provides Plan Administration & Recordkeeping Services for the full range of Defined Contribution Plans, including Profit Sharing, Money Purchase, 401(k), ERISA and non-ERISA 403(b) Plans, Davis Bacon/Prevailing Wage, Taft-Hartley, 457(b), 457(f), Municipal 457, 409(A), IRA programs, and more.
Specialty Offerings and Services
In addition to the above, BPAS also specializes in providing Plan Administration & Recordkeeping Services to the following types of plans:
- Multiple Employer Plans (Open or Closed MEPs)
- Multiple Employer Trusts (METs)
- Plans with Employer Securities (ESOPs, kSOPs, and 401(k) Plans)
- 1081 Retirement Plans (Puerto Rico)
- Any DC Plan with Auto Features (Auto Enrollment/Auto Escalation)
Special DC Product Features
|Special DC Product Features
|Payroll provider integration
||180- and 360-degree integration with a growing list of payroll providers which allows clients to work with “best in class” providers rather than merely bundling DC administration with a payroll company for the sake of convenience.
|Integration with financial planning sites
||The BPAS website integrates with Mint.com, eMoney Advisor, and other financial planning sites that use screen-scraping technology. When participants enable these apps, their daily balances and activities are integrated to a single financial planning experience.
|BPAS University (BPAS U) Mobile app
||Our dynamic online financial learning center, offers a full library of planning tools, articles, calculators, videos, on-demand coaching sessions, questionnaires, and more, all designed to guide participants toward a secure financial future. Participants can also securely login and manage their BPAS account on the go.
||With the Schwab PCRA brokerage window, participants are able to invest in a broad array of securities outside the plan’s core menu, including stocks, bonds, ETFs, mutual funds and more, for up to 90% of their account balance (a plan-level election).
|Participant advice options
||For plans that want to go beyond guidance and education, BPAS offers various third-party advice programs. Contact us for more information.
|A focus on participant outcomes
||A gap analysis calculator in the participant website, along with numerous on-demand sponsor-level reports, help assess overall plan health, at both the plan and participant levels.
||A value-add service for employers who want to get out of the loan business and/or provide a compassionate solution for employees who terminate employment with an outstanding loan. BPAS handles all matters of loan administration, including participant billing, collection, and reporting.
||Through our AutoRollover service, BPAS can assist plan sponsors with removing terminated participants with balances under $5,000 from their plan. This solution is also used by approximately 130 other service providers for this segment of their business.
|3(16) Administrative Services
||For plan sponsors looking for additional fiduciary protection, BPAS offers 3(16) Administrative Services, including additional reporting and disclosure services, QDRO assistance, and more.
With flexible open-architecture solutions; technologies that delight participants and reduce work for HR professionals; a full spectrum of investment and fiduciary services; a focus on service; and our one company, one call mantra, BPAS can breathe new life into your retirement program.