BPAS Completes Transaction with WIA Consultants, Inc

BPAS announced today that it has acquired the third-party administration (TPA) services of WIA Consultants, Inc. (WIA) headquartered in East Meadow, NY.

Established in 1982, WIA Consultants administers retirement plans, profit sharing plans, defined benefit plans, and cash balance plans for clients across the nation. As retirement plans have become more complex, WIA clients have been asking for more consulting and enhanced services. Realizing they needed a new strategy, the WIA team opened discussions with BPAS last year about a potential collaboration involving their TPA book of business. The two firms reached an agreement with an April 1, 2025 effective date.

BPAS, a subsidiary of Community Financial System, Inc. (CFSI, NYSE: CBU), provides daily valuation, actuarial and employee benefit consulting, fund administration, health and welfare plans, IRAs, and institutional trust services through its various subsidiaries on a national scale. Headquartered in Central New York, BPAS covers the full spectrum of retirement plan services through 17 offices across the nation and Puerto Rico. BPAS currently services approximately 910,000 participants across the nation.

“Partnering with BPAS allows us to continue bringing our clients a high level of service and consulting expertise with added services, resources, and technology,” said Hollie Brostek, President of WIA Consultants. “We’ve always been client-focused, so it was important to find a partner with our shared values. We found that and more with BPAS. They bring extensive consulting expertise, a range of additional services, enhanced technology, and a deep understanding of the changing regulatory landscape. It brings our clients a powerful combination of expertise, administration, and technology.”

“We’re delighted to welcome the WIA team and clients to BPAS,” said Paul Neveu, BPAS CEO. “We started working with Hollie and her team extensively in early 2024 when Ron Stair’s Creative Plan Design practice joined BPAS. They have deep compliance expertise and a couple of specialty practice areas that are truly unique. Their work ethic and friendly culture impressed us immediately. After we reviewed everything, it felt like more BPAS people joining BPAS. Together, we are proud to support the full range of DC and DB retirement plans, with platinum bundled solutions and outstanding actuarial, TPA, and consulting solutions like the Creative Plan Design practice, which this practice will join. With the broad capabilities of BPAS firm across so many areas, it will be exciting to see what we’ll tackle together.”

The company transitioned its TPA employees to BPAS as part of the agreement. According to Jason Disco, President, BPAS Actuarial & Pension Services and Creative Plan Design, “We’re pleased to have the WIA Consultants team join BPAS. While they will continue to primarily serve WIA clients, they will be part of a much larger BPAS team– 465+ employees in total–with deep resources, backups, and expertise. We think it’s a great opportunity for them to grow professionally and explore new paths for a long, successful career here.”