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2024

February 13, 2024

BPAS Completes Transaction with Creative Plan Designs, Ltd.

BPAS, a leading national provider of retirement plans, benefit plans, fund administration, and collective investment trusts, announced today that it has acquired Creative Plan Designs, Ltd. (CPD), headquartered in East Meadow, NY.

Formed in 1979, the CPD mission has always been to provide superior retirement planning advice that assists clients in developing tailored plan programs. The company is widely regarded for its ability to deliver solutions for complex retirement plan programs. Recognizing that changes in the retirement plan business — particularly with the demand for enhanced technology and cybersecurity protocols — necessitated a change in strategy, CPD began discussions with BPAS about a potential collaboration. The companies reached an agreement in December 2023 with a February 1, 2024, effective date.  All CPD employees will join the BPAS team.

“I’m not ready to retire,” said Ron K. Stair, CPD founder. “It’s important to me that I work with people I trust and respect; I found that at BPAS. This move will allow us to continue to provide CPD clients with a high level of service and consulting expertise, and add the deep resources, technology, and range of solutions offered by BPAS.”

Paul Neveu, Chief Executive Officer of BPAS, added, “CPD will become our 15th office, but we have deep roots in New York State. We are honored and happy to have CPD join us. I’m very impressed with the level of knowledge and expertise across the entire CPD organization. We are looking forward to working with Ron and the CPD team to write new chapters together.”

BPAS, a Community Bank System, Inc. subsidiary, provides daily valuation, actuarial and employee benefits consulting, fund administration, health & welfare plans, IRAs, and institutional trust services through its subsidiaries on a national scale. It has 14 offices across the nation and Puerto Rico. The partnership enhances the services and resources available to CPD clients.

Jason Disco, Senior Vice President of BPAS Pension Sales & Consulting added, “We are very excited to be partnering with CPD, a respected and growing provider of Defined Contribution and Defined Benefit consulting services.  The transaction will strengthen and complement our existing retirement plan services and provide further support for growth in the Metro NY area.  We are delighted to welcome the entire CPD team to BPAS.”

About CPD

Since 1979, we have specialized in designing retirement plans for owners of small to mid-sized businesses. Our plans provide maximum tax savings and a worry-free retirement. Our plans guarantee to offer the best results for retirement savings and tax benefits while keeping in compliance with the complexities of government-mandated regulations. We are firm believers that retirement planning is not a one-size-fits-all proposition. In addition, we work in conjunction with advisors to fully utilize the tax benefits available under prevailing laws and regulations to ensure income for future years.

February 12, 2024

David G. Leonard, A.S.A. Joins BPAS

BPAS, a  leading national provider of retirement plans, benefit plans, fund administration, and collective investment trusts, announced today that it has acquired David G. Leonard A.S.A., LLC (DGL), headquartered in Ormond Beach, FL. All DGL employees will join the BPAS team.

DGL provides plan design, actuarial services, and administration for 300 small- to mid-sized retirement plans. The company goal has always been to provide the highest level of service to clients in a constantly changing environment.

Dave Leonard, DGL President, said, We constantly review our business and the services we bring to clients. We see this business getting more complex every year. Our clients are asking for more services and consulting than ever before. Joining BPAS allows us to expand our capabilities while maintaining our long-standing client-focused approach.”

According to Paul Neveu, BPAS Chief Executive Officer, At BPAS, weve been in the retirement plan space for 50 years. Weve seen the expansion, contraction, and re-expansion of employer-sponsored defined-benefit plans. We are excited to have Dave and his crew on board and know we can add real value for DGL clients. We are thrilled to expand our business through this partnership.”

BPAS, a Community Bank System, Inc. subsidiary, provides daily valuation, actuarial and employee benefits consulting, fund administration, health & welfare plans, IRAs, and institutional trust services through its subsidiaries on a national scale. It has 15 offices across the nation and Puerto Rico. The partnership enhances the services and resources available to DGL clients.

Jason Disco, Senior Vice President of BPAS Pension Sales & Consulting, added, Were excited to welcome Dave, Denver, and the DGL clients and colleagues to BPAS. They have earned a well-deserved reputation for quality work; we are so pleased they chose to partner with BPAS.”