Archives

Nathan Charleson Joins BPAS as West Coast External Wholesaler

Utica, NY (April 30, 2018) — BPAS, a leading national provider of retirement plan and fund administration, transfer agency, collective investment fund, and other institutional trust services, is pleased to announce the addition of Nathan Charleson as an External Wholesaler located in the west coast region.

“We are thrilled to have Nate join BPAS as we expand our presence on the west coast,” said Paul Neveu, President of DC Services at BPAS (BPAS Plan Administration & Recordkeeping Services). “While BPAS has clients in all 50 states and the Commonwealth of Puerto Rico, we see the west coast as a future growth area. Nate is already well established in the California Advisor community. His knowledge and reputation, coupled with the unique value proposition and capabilities of BPAS, make for a winning combination.”

View the full news release here.

BPAS Acquires Puerto Rico’s HR Consultants

San Juan, PR—April 9, 2018. Benefit Plans Administrative Services, Inc. (BPAS) announced today that it has acquired the business of HR Consultants (SA), LLC, in Puerto Rico.  Both Adrian Robles and Hector D. Gaitan, FCA, ASA, MAAA, EA, of HR Consultants have already joined the staff of BPAS under an interim arrangement.

To view the full press release, click here.

New BPAS Retire Mobile App Launched

BPAS has launched the first version of our new mobile app, which is available for both iPhone and Android devices. For instructions on accessing the BPAS Retire app, please visit www.bpas.com/participants/bpas-retire-mobile-app/. Download the  mobile app flyer to view the latest information about the app. In the coming quarters, additional functionality will be deployed into the app, including full online enrollment, investment transfers and more. As always, the full participant website can be accessed through most mobile devices as well.

Fidelity Investments

Effective 04/27/18, the Fidelity Strategic Income Fund will be closing  and merged into a new retail share class of Fidelity Advisor (FA) Strategic Income Fund on or about April 27, 2018. The new retail class launches on the same date as the merger. The merger will permit shareholders in Fidelity Strategic Income Fund to pursue the same investment goals in a larger combined fund that has the same investment objective, policies and benchmark. The fund numbers, CUSIPs, trading symbols, and Tax ID number associated your position in Fidelity Strategic Income Fund will change after the merger. No trades will be allowed into the closing fund after Thursday, April 26th. Note that any trades placed into the closing fund after 4/24 will be rejected and need to be placed manually outside NSCC. More information.

T.Rowe Price

Effective, April 2, 2018, T. Rowe Price International Discovery Fund (PRIDX) and T. Rowe Price International Discovery Fund—I class (TIDDX) will be closed to new investors. This decision does not affect participants in plans that currently offer the Fund. Participants who already have an account in this Fund may continue to buy additional shares, and those who do not may establish new accounts through the plan. More information.

BPAS Hires Texas-Based Wholesaler

BPAS announced today that Joe Long has joined the firm as an External Wholesaler located in the South Central region.

“After an extensive search process, we are pleased to introduce Joe Long as our new external wholesaler in the South Central region,” said Paul Neveu, President of BPAS Plan Administration & Recordkeeping Services. “His background, expertise, and knowledge of the industry will make him a great asset to our financial partners, helping them build their businesses across all plan types and plan sizes. Continuity and stability of relationships are things we pride ourselves on at BPAS.” Read the full press release here.

Keeping Plan Participant Retirement Accounts Secure with Email Validation

One of the easiest ways to help prevent fraudulent retirement account activity is for plan participants to add a current, valid email address to their account. With an email address on record, BPAS will confirm by email any time activity occurs in their account.  Would it surprise you to know that many people still haven’t updated their accounts to include their email address?

Why do we need participants’ email addresses?

Having a current, valid email address on record with BPAS has many benefits:

  • Alerts for account login to new devices
  • Notification of account activity
  • Password resets
  • Optional participation in our GoGreen option to receive electronic statements
Why are we asking for your help?

BPAS will never send participants an account link asking them to update personal information, including their email addresses.  By having you email the request directly to plan participants we can avoid the possibility that they will think they’re receiving a phishing email or that we’re soliciting unnecessary information.  Attached is a sample communication that you can email to plan participants. Although we’ve included a link to the login page, participants can go directly to our Participant login page at https://www.bpas.com/participants.

December 2017 Technology and Service Enhancements at BPAS

Attached is a special multimedia presentation prepared for you by Paul Neveu, President, BPAS Plan Administration & Recordkeeping Services. It highlights the many Technology and Service Enhancements happening at BPAS in our core daily valuation program. The presentation can be viewed from any laptop, tablet, or mobile phone with speakers enabled.

December 2017 BPAS Update

As you can see, the Roadways to Retirement program, which we offer in conjunction with our partners, continues to evolve with new features and technology. We think you’re going to love what we’re doing!

As always, please contact your BPAS representative with any questions.

Eagle Family of Funds

Effective Monday, November 20, 2017, the Eagle Family of Funds will be known as Carillon Family of Funds. With this change, the existing Eagle fund names and cusips will also change.  More information.