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.

Houston, TX (June 17, 2020) — Hand Benefits & Trust (HB&T), a BPAS company, announced today it has gone live with more than 30 Collective Investment Trust (CIT) tickers and associated CUSIP numbers via the Nasdaq Fund Network. HB&T is a leading national provider of employee benefit trust services and a pioneer in CITs partnering with over 50 investment firms to create more than 240 funds and 500 CUSIPs.

Nasdaq Fund Network (NFN) expanded its coverage to include CITs, bringing increased transparency to the market. The NFN platform facilitates the collection and dissemination of critical data for investable products and generates tickers. The new CIT tickers empowers investors to find their relevant investment performance data on a variety of institutional market data platforms and financial web portals, such as Yahoo! Finance, CNBC, Wall Street Journal, MarketWatch, Barron’s, Refinitiv, Bloomberg and FactSet.

CITs offer a variety of advantages for retirement plan participants, sponsors, and service providers, including low expense ratios and transparent pricing, flexibility in fund holdings, transparency in fund holdings, and simplified tracking.

HB&T is a Cerullli top-rated organization for hosted trustee services. It serves as the trust company to help investment management firms create new funds or take an existing strategy to an expanded market through its transfer agency services.

“Wide adoption of CITs in not just large plans, but all plans, is vital to the success of the retirement plan industry,” said David Hand, HB&T CEO. “Barriers to entry exist in smaller plans where it is key for them to have access to all retirement platforms, creative share class design, and information equal to other securities. With the latter just accomplished, HB&T continues to be a market leader in CIT distribution.”

“The HB&T model was built to seamlessly integrate fund administration services, transfer agency services, and trustee services,” added Barry Kublin, BPAS CEO. “The combination drives process efficiency that produces cost savings and improves quality. Less moving parts simplifies arrangements for investment professionals and their clients. When it comes to designing, delivering and operating CITs, no one has more experience than the BPAS family of trust companies, which also includes Global Trust Company and BPAS Trust Company of Puerto Rico.”

About BPAS and HB&T
BPAS is a national provider of retirement plans, benefit plans, fund administration, and collective investment trusts. We support 3,800 retirement plans, $86 billion in trust assets, $1 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 our clients solve 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.

Syracuse, NY (May 8, 2020). BPAS Actuarial & Pension Services (APS) announced today that Jason Disco has been promoted to Vice President, Sales. BPAS APS is a division of BPAS, a leading national provider of retirement plans, benefit plans, fund administration and collective investment trusts.

Disco joined BPAS APS in 2015 as Director of Defined Benefit (DB) Sales where he focused on delivering innovative DB solutions, including traditional and cash balance plans and DB participant services (PensionEase) to financial intermediaries and clients across the nation. He is a results-driven sales leader with more than 20 years of experience in the retirement plan industry including key sales positions with ERISA Consultants and Lifetime Benefit Solutions.

“Jason is the architect behind our extremely successful DB 360 offering,” said Vince Spina, President, BPAS Actuarial & Pension Services. DB 360 assembles all aspects of managing a defined benefit plan – actuarial, participant level administration, investment advisory, payor, and trust services – under a single roof. “Thanks to Jason, the simplicity of traditional and cash balance plan servicing is resonating with plan sponsors,” Spina added. “Jason is the ultimate quarterback, assembling the right team for each client’s specific needs. This promotion was just a natural progression for a very talented leader.”

“Jason’s intuitive collaborative skills perfectly align with the BPAS mantra of one company, one call,” said Paul Neveu, President, BPAS Plan Administration & Recordkeeping Services. “We look forward to collaborating with him in this new leadership role.”
BPAS APS is one of top 20 retirement plan actuarial practices in the U.S., with 70 employees, including 25 actuaries. As Vice President, Sales, Disco will oversee the DB plan sales process and work with financial intermediary partners to distribute actuarial and consulting services nationwide. He will also coordinate consulting services for DB/DC (defined contribution) combination plans, healthcare consulting, health savings accounts (HSA), DB 360, collective investments, PensionEase, and other comprehensive solutions for clients across the nation.

“I’m looking forward to leading the development of new distribution channels and working with the BPAS Sales team to distribute our superior actuarial and consulting services nationwide,” said Disco. “With my extensive knowledge of DC and DB plans and collaborative spirit, I’m excited to be consulting with financial intermediaries to help build their retirement practices.”

About BPAS

BPAS is a national provider of retirement plans, benefit plans, fund administration, and collective investment trusts. We support 3,800 retirement plans, $86 billion in trust assets, $1 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 our clients solve all 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.

San Juan, PR (January 7, 2020) ― BPAS, a leading national provider of retirement plans, benefit plans, fund administration, and collective investment trusts, announced today that the Puerto Rico Pension Board has selected the PR Capital Preservation Fund (Fund) for inclusion in the new PR Act 106 DC Plan for Government employees. It is the first-ever Collective Investment Fund (CIF) created by a PR financial institution. Under Act 106, the new CIF will be the default investment for the plan which covers 110,000 participants. BPAS received a favorable private-letter ruling from the PR Treasury Department approving the Fund as a “Qualified PR Security” which provides for certain tax benefits related to lump-sum distributions.

BPAS Trust Company of Puerto Rico will serve as the Fund trustee and investment manager. Hand Benefits & Trust, a BPAS company, will be the agent for administration. The Fund is also available for non-government plans qualified under PR Code Section 1081.

Barry Kublin, BPAS CEO, credits the private-public partnership in Puerto Rico for the product development. According to Kublin, “40% of the portfolio is allocated amongst the FDIC-insured PR financial institutions in enhanced yield accounts, with the remainder invested in institutional money market and stable value investments.” He added that the Office of the Commissioner of Financial Institutions and Hacienda reviewed and approved the initiative in a thorough and timely manner. “The Pension Board and their consultants embraced a creative solution to the Act’s mandates. Having provided trust and plan administration services in PR for 20 years and given the breadth of our services, we are well positioned to deliver a complete solution to all PR retirement plan constituents,” he added.

About BPAS

BPAS is a national provider of retirement plans, benefit plans, fund administration, and collective investment trusts. We support 3,800 retirement plans, $86 billion in trust assets, $1 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 our clients solve all their benefit plan challenges without the need to engage multiple providers. One company. One call.

The BPAS family of services includes: Plan Administration & Recordkeeping, TPA, Actuarial & Pension, VEBA & HRA/HSA, Fiduciary, AutoRollovers & MyPlanLoan, Healthcare Consulting, Transfer Agency, Fund Administration, Custody, and Collective Investment Trusts.

Specialty practices include: 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 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.

Contact: Alfredo Matheu | President | BPAS Trust Company of Puerto Rico | 787-936-2251 | [email protected]

Philadelphia, PA (September 30, 2019) — BPAS, a leading national provider of retirement plans, benefit plans, fund administration, and collective investment trusts, announced today the launch of a custom guaranteed stable value solution with Lincoln Financial Group. Lincoln Financial Group is a top provider of stable value solutions and offers strong risk management, financial strength and attractive contract provisions to defined contribution plan sponsors and participants. The newly-launched BPAS Stable Value option is an elite cash product for BPAS Fiduciary Services VEBA plans.

According to Greg Woods, Senior Vice President of BPAS Fiduciary Services, “We are thrilled to team up with Lincoln Financial Group on this custom product offering for our VEBA clients. Lincoln’s financial soundness as a stable value provider, along with their dedication to serving the needs of the retirement participants made them a solid choice as a partner. This product will allow risk-averse savers to earn an industry best cash-like return as they save for their retirement medical expenses.” “We are proud to partner with BPAS to provide our Stable Value option to their clients. Stable Value is a critical component of any retirement plan, and will become even more important as Baby Boomers approaching retirement increasingly look for capital preservation,” said Ralph Ferraro, Senior Vice President, Head of Product, Retirement Plan Services, Lincoln Financial Group.

“Adding the Lincoln Stable Value product to our VEBA line up demonstrates our firm’s commitment to being the premier VEBA solution within the country,” said David Ritchie, Senior Vice President of BPAS VEBA & HRA/HSA Services. “We strive to be pioneers in this space and understand the needs of our clients in helping ensure they are able to retire with dignity. With many participants being extra sensitive to investment risks for their retirement health savings, offering such a competitive return on the most conservative of funds is vital.”

A Voluntary Employees’ Beneficiary Association (VEBA) is a tax-exempt, irrevocable Trust under Section 501(c)(9) of the Internal Revenue Code. This type of trust is used as a vehicle for employers to fund certain types of benefits, including funded Health Reimbursement Accounts (HRA).

In addition to the Lincoln Stable Value, the BPAS solution is a fully integrated VEBA HRA complete with daily valuation record keeper, administrator, clearing firm, actuary, claims processing, and custodial services. One company. One call. The BPAS VEBA HRA one-stop shopping approach offers significant savings in time, money, and administration. Everything needed to setup and maintain a VEBA HRA can be done through BPAS. Since everything is coordinated through one company, one point of contact, there’s less overhead and fewer people involved in the process.

About Lincoln Financial Group

Lincoln Financial Group provides advice and solutions that help empower people to take charge of their financial lives with confidence and optimism. Today, more than 17 million customers trust our retirement, insurance and wealth protection expertise to help address their lifestyle, savings and income goals, as well as to guard against long-term care expenses. Headquartered in Radnor, Pennsylvania, Lincoln Financial Group is the marketing name for Lincoln National Corporation (NYSE:LNC) and its affiliates. The company had $260 billion in assets under management as of June 30, 2019. Lincoln Financial Group is a committed corporate citizen included on major sustainability indices including the Dow Jones Sustainability Index North America and FTSE4Good. Dedicated to diversity and inclusion, Lincoln was recognized by Forbes as one of the Best Large Employers, Best Employers for Diversity, and Best Employers for Women. Lincoln also earned perfect 100 percent scores on the Corporate Equality Index and the Disability Equality Index. Learn more at: www.LincolnFinancial.com.

About BPAS

BPAS is a national provider of retirement plans, benefit plans, fund administration, and collective investment trusts. We support 3,800 retirement plans, $77 billion in trust assets, $1 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 our clients solve all their benefit plan challenges without the need to engage multiple providers. One company. One call.

The BPAS family of services includes: Plan Administration & Recordkeeping, TPA, Actuarial & Pension, VEBA & HRA/HSA, Fiduciary, AutoRollovers & MyPlanLoan, Healthcare Consulting, Transfer Agency, Fund Administration, Custody, and Collective Investment Trusts.

Specialty practices include: 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 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.”