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MP and BPAS Partnership Brings Integrated Technology

Jun 22, 2021 Suzanne Larson

Boston, MA (June 22, 2021) – BPAS, a national provider of retirement plans, benefit plans, fund administration, and collective investment trusts, is partnering with MP, an HCM solutions company, to deliver integrated solutions for mutual plan-sponsor clients. The MP-BPAS partnership means 360-degree integration technology links and synchronized data between the plan sponsor, recordkeeper, administrator, and employees.

This new partnership will eliminate manual uploads, reduce data entry errors, and protect data integrity for employers choosing MP for comprehensive payroll services and BPAS for defined contribution (DC) plan administration. Data will be updated automatically between BPAS and MP whenever a change is made to one of the systems for full 360-degree automation to all parties.

“We are excited to support MP and BPAS clients in a new way,” said Jason Maxwell, CEO of MP. “We can now offer seamless, top-tier solutions for plan administration, as well as proactive and reliable HR and payroll services that will save our clients an enormous amount of time.”

Both MP and BPAS offer employers the option to customize and manage service providers across employee benefit, payroll, and accounting services. The two companies are now able to deliver an integration solution that optimizes the employee experience for its clients.

“BPAS is committed to executing and streamlining the plan sponsor experience,” said Paul Neveu, BPAS CEO. “We recognize that payroll providers and DC plan recordkeepers operate in a world of client choice. So, when we can create a partnership where two firms truly optimize the client experience and deliver refreshing new solutions to employers, we’re going to jump at it. It’s like we’re restoring the confident silence back into plan administration.”

MP serves clients across the nation with a high concentration in New England. MP and BPAS began working together through advisor partnerships in 2014. “We have earned our clients’ trust as they outsource their retirement plan needs to us,” added Neveu. “We’re proud of this partnership and are looking forward to a full rollout to clients. Plus, MP will now be a provider of choice for BPAS clients, serving their HR, payroll, and benefits administration needs.”

About MP

MP is a full-service HR and payroll services provider. Founded in 2004, it is headquartered in Beverly, Massachusetts. The company serves clients from all industries and across all 50 states, helping them streamline human capital management to achieve their larger business goals. MP combines best in class technology with proactive and reliable customer service to help clients optimize performance. For more information, visit mp-hr.com.

About BPAS

BPAS is a national provider of retirement plans, benefit plans, fund administration, and collective investment trusts. We support 4,000 retirement plans, $100 billion in trust assets, $1.3 trillion in fund administration, and more than 500,000 participants. With our breadth of services, depth of creative talent, and financial resources, we are well positioned to help our clients solve all their benefit plan challenges without the need to engage multiple providers. One company. One call.

BPAS subsidiaries include: Hand Benefits & Trust, NRS Trust Product Administration, Global Trust Company, and BPAS Trust Company of Puerto Rico.

As a solutions-oriented national practice, we are committed to “Solving Tomorrow’s Benefit Challenges Today.” Visit bpas.com for more information.