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Benefit Plans Administrators Team Biographies

Benefit Plans Administrators (BPA) fue fundada en 1973 en el área Central de Nueva York. Los priemro veint tres años de operaciones fueron enfocados hacia proveer administración valoraciones anuales a planes de pensiones y de participación en ganacias. Entramos al negocio de valoración diaria en el 1996, el mismo año en que fuimos adquiridos por Community Bank System, Inc. (NYSE: CBU). Esta nueva estructura corporativa abrió una nueva gama posibilidades a nuestra firma. Nos proveyó una autorización para proveer servicios de fiducia a nivel nacional y una membresía en el "National Securities Clearing Corporation" a través de nuestra compañía hermana CBNA – dos ingredientes críticos para poder ofrecer una verdadera solución integrada a nuestros clientes. Además nos permitió cambiar nuestro foco de ventas directas a través de la Banca, a ampliar nuestros ofrecimientos de servicios a nivel nacional a través de acuerdos con intermediarios financieros.

Una de las peculiridades que a nuestros clientes mas le gusta sobre BPAS es que nosotros somos responsables de todo el motor de la voloracion diaria - desde tenaduria de libros, transacciones, tecnologia, diseno de plan y actividades relaciondas al documento del plan hasta el trabajo de cumplimiento, informes y estados, funcion de custodios y los informes relacionados a impuestos. Nuestros clientes aprecian One of the things clients like most about BPAS is that we are responsible for the entire daily valuation engine – from recordkeeping, trading, technology, plan design and plan document activities, to compliance work, statements and reporting, custodial functions and tax reporting. Clients also appreciate our founding assumption. Namely, that clients are not asking us to merely “record keep” their plan; they want us to ensure their plan is administered properly. What certain clients may not cherish at the outset (but overwhelmingly thank us for later) is our mantra of forcing operational discipline in each plan relationship. We require more data with every payroll submission than most of our competitors, but this data allows us to provide a higher level outsource, avoid many errors and streamline numerous activities for the client moving forward. Successful, long-term relationships with our clients are the byproduct of this comprehensive approach.

Unlike many other firms who entered the recordkeeping business with a primary goal of gathering assets or promoting proprietary funds, BPAS approaches this market from a different vantage point. Providing administrative, actuarial and consulting services is our primary business. We succeed by hiring, training and acquiring top talent; staying at the forefront of technological, compliance and regulatory changes; and by assuming a higher level of responsibility for our clients’ plans. In a crowded marketplace, service, flexibility and expertise can allow a firm to stand out. These are hallmarks of our business and key reasons to select BPAS.

BPAS serves the full spectrum of defined contribution and defined benefit plans, as well as non-qualified plans. We offer true open architecture on investments and exclusively support no-load investment products (no variable annuities or insurance-based products). And we service plans through a team of highly skilled Plan Consultants, who undergo ongoing training and certifications so they can serve as a primary point of contact for clients.