BPAS Introduces PensionEase Solution
BPAS Actuarial & Pension Services (APS) announced its full-service PensionEase Defined Benefit (DB) solution for providing plan sponsors.
Oct 16, 2020
Syracuse, NY (October 13, 2020). BPAS Actuarial & Pension Services (APS) announced today the successful launch of its new PensionEase Defined Benefit (DB) solution. BPAS PensionEase enhances the company’s already robust administration services by adding participant direct services to provide plan sponsors with a full DB package.
BPAS PensionEase includes:
- Participant recordkeeping
- Compliance monitoring and participant required-event notifications
- Preparing and reviewing returned benefit packages
- Processing distributions
- Direct servicing through a fully staffed participant contact center
- Easy online access to plan materials and self-service benefit modeling
BPAS APS is one of the top 20 retirement plan actuarial practices in the U.S., with 70 employees, including 25 actuaries.
Developed out of more than 35 years of experience in consulting and benefit administration, its PensionEase approach offers enormous time savings and efficiencies for client administrative and personnel teams.
“BPAS PensionEase combines actuarial benefit calculation services with the participant and benefit distribution services traditionally handled by a human resources department,” said Sarah Dam, Senior Vice President at BPAS APS. “With PensionEase, we’re able take on the full administration burden so employers can focus on their business and not worry about the DB plan.”
“More and more employers are looking to outsource their DB Plan administration,” said Jason Disco, VP of Sales at BPAS APS. “Historically only very large pension plans could be outsourced. But, BPAS PensionEase is a complete DB solution for companies of all sizes.”
About BPAS
BPAS is a national provider of retirement plans, benefit plans, fund administration, and collective investment trusts. We support 3,800 retirement plans, $100 billion in trust assets, $1.3 trillion in fund administration, and more than 450,000 participants. With our breadth of services, depth of creative talent, and financial resources, we are well-positioned to help clients solve all of their benefit plan challenges without the need to engage multiple providers. One company. One call.
BPAS services: Plan Administration & Recordkeeping, Actuarial & Pension, Collective Investment Trusts, Fund Administration, Custody, Transfer Agency, 3(16)/3(38), Healthcare Consulting, IRA, HSA, VEBA/HRA, FSA.
BPAS specialty practices: Auto Enrollment Plans, Multiple Employer Trusts/Plans, Plans with Employer Securities, Puerto Rico Section 1081 Plans, VEBA HRA Plans, Cash Balance Plans, Collective Investment Trusts, and Fund Administration.
BPAS subsidiaries: BPAS Trust Company of Puerto Rico, Global Trust Company, Hand Benefits & Trust, and NRS Trust Product Administration.
As a solutions-oriented national practice, we are committed to “Solving Tomorrow’s Benefit Challenges Today.” Visit bpas.com for more information.