The BPAS Advantage
BPAS MyPlanLoan (MPL) solves the complexities employers face in offering retirement plan loans. With MPL, we collect loan repayments directly from plan participants so your HR/payroll departments enjoy worry-free loan administration.
Rather than having employees choose between repaying the entire loan or defaulting on it, simply transfer the balance to MPL for continued repayment. The MPL team serves as your back-office loan administrator, which makes life much easier.