Trust Company of Puerto Rico

BPAS Trust Company of Puerto Rico provides independent trustee services and comprehensive retirement plan administration for plans qualified under the Puerto Rico Internal Revenue Code of 2011.

Founded in 2014 and based in San Juan, we support retirement plans across Puerto Rico, helping you manage your plan with local expertise and integrated services that simplify administration and strengthen oversight.

Our team specializes exclusively in Puerto Rico–based plans, delivering all plan services in one place, so you have clear accountability and straightforward plan management.

You work with a single, experienced provider that manages your retirement plan responsibilities accurately, transparently, and compliantly––without handoffs or confusion.

Our services include:

• Trustee and custodian services
• Recordkeeping, plan document, and notice services
• Bilingual call center support and in-person enrollment and education meetings
• Bilingual sponsor and participant websites
• A dedicated Plan Consultant providing personalized, local support
• Annual compliance testing and reporting, including Form 5500, Form SC 6042, and tax reporting to Hacienda
• Full audit assistance and regulatory support
• Fully transparent fees

BPAS offers retirement solutions designed to meet the specific needs of Puerto Rico employers and plan sponsors, giving you flexibility while keeping compliance front and center.

• Directed Trustee Services
  Independent trustee oversight provided as part of the BPAS daily valuation program or as a stand-alone directed trustee option.
• PR 1081 Keogh Plans
  Retirement plans for eligible unincorporated business owners who want to defer earned income and qualify for reduced capital gains tax rates at distribution.
• ERISA 3(38) Services for 1081 Plans
  Fiduciary services designed to help you address increased compliance demands and mitigate fiduciary risk.
• Cash Balance Plans
  A solution if you already maximize contributions under an existing defined contribution plan and want to contribute more.
• Collective Investment Funds
  Including the PR Capital Preservation Fund, a qualified Puerto Rico security offering potential tax benefits for Act 106 and PR Code 1081 participants.

BPAS Trust Company of Puerto Rico is regulated by the Commissioner of Financial Institutions and examined by the Puerto Rico Office of Financial Institutions, OCC, IRS, DOL, SEC, the Texas Department of Banking, and internal and external auditors.

Our role is to protect your retirement plan assets and support you with consistent, reliable oversight you can trust.