VEBA/115 Trusts

BPAS consolidates VEBA/115 Trust administration into a single, integrated solution, so you’re not coordinating multiple vendors.

You work with one provider, one point of contact, and one platform to manage trust assets, claims, and reporting—without unnecessary complexity.

Our services include:

• Daily valuation recordkeeping and trust administration
• Custodial and clearing services
• Actuarial and compliance support
• Claims approval and distribution processing
• Single sign-on access across investments, claims, and reporting
• Integrated debit card for payment of eligible expenses

VEBA and Section 115 Trusts are widely used by municipalities, public-sector employers, schools and universities, and Taft-Hartley union groups. These organizations partner with BPAS because we deliver dependable administration backed by experience and responsive service.

Employers rely on BPAS because we make these plans easier to manage. You can expect:

• True one-stop administration from setup through ongoing operations
• Open investment architecture with no proprietary fund conflicts
• Technology that reduces paperwork and saves HR time
• Ongoing compliance support and fiduciary oversight
• Proactive service and accurate, high-quality plan administration
• A dedicated point of contact to simplify plan management

Employers gain a sustainable way to fund benefits, better cost control, and confidence that compliance and administration are handled correctly—without adding work for your team.

Participants benefit from easy access to their accounts, clear rules for eligible expenses, and convenient payment options that reduce friction when benefits are needed most.

A VEBA/Section 115 Trust serves as the funding vehicle behind your benefit strategy. Most employers pair it with an account-based Health Reimbursement Arrangement (HRA) that defines how funds can be used.

BPAS specializes in designing and administering funded HRAs that align with your benefits strategy and workforce needs. Employer contributions are held in a trust, grow over time, and are paid out as claims are approved—giving you control, flexibility, and long-term sustainability.

We work closely with you to structure an HRA that supports your workforce, without unnecessary administrative burden or inflated costs.

If you’re managing long-term healthcare obligations or post-employment benefits, an HRA funded through a VEBA/115 Trust can be a powerful solution.

BPAS designs employer-funded HRAs that reimburse eligible medical expenses based on plan rules you define. Our integrated platform supports secure account management, efficient claims processing, and debit card access—making the experience simpler for both employers and participants.