Subscribe (Free) to
Daily or Weekly Newsletters
Post a Job

Featured Jobs

Plan Administration Manager

Southern Pension Services
(Remote / Tampa FL)

Southern Pension Services logo

Manager, Client Relationship Management

Guideline, Inc.
(Remote / Solana Beach CA)

Guideline, Inc. logo

Retirement Plan Administrator

Prime Pensions Northwest, LLC
(Remote)

Prime Pensions Northwest, LLC logo

Retirement Plan Administrator

Retirement Solutions Specialists, LLC
(Remote)

Retirement Solutions Specialists, LLC logo

Member Services Supervisor

DC Retirement Board
(Remote / Washington DC)

DC Retirement Board logo

Pension Administrator

American Pension, LLC
(Berkeley Heights NJ)

American Pension, LLC logo

DB/DC Administrator

Primark Benefits
(Remote / San Mateo CA)

Primark Benefits logo

Conversions Specialist

BlueStar Retirement Services, Inc.
(Remote)

BlueStar Retirement Services, Inc. logo

Retirement Plan Account Manager

Aegis Retirement Partners, LLC
(Remote / CT / MA / NH / RI)

Aegis Retirement Partners, LLC logo

Pension Administrator

Actuaries Unlimited, Inc.
(Remote / Los Angeles CA)

Actuaries Unlimited, Inc. logo

Customer Success Associate

Guideline, Inc.
(Remote / Austin TX / Solana Beach CA / Portland ME / San Mateo CA / CO / FL / GA)

Guideline, Inc. logo

Retirement Plan Administrator

Nicholas Pension Consultants
(Remote / Rancho Cordova CA / Corona CA)

Nicholas Pension Consultants logo

Retirement Plan Administrator

Fulton Bank / Fulton Financial Advisors
(Remote)

Fulton Bank / Fulton Financial Advisors logo

Retirement Operations Specialist

Fringe Benefit Group
(Remote)

Fringe Benefit Group logo

Plan Administrator

BlueStar Retirement Services Inc.
(Remote)

BlueStar Retirement Services Inc. logo

Trust Accounting/5500 Specialist

Sentinel Benefits & Financial Group
(Remote / Wakefield MA)

Sentinel Benefits & Financial Group logo

Product Support Specialist - Conversions

ftwilliam.com part of Wolters Kluwer Legal & Regulatory
(Remote)

ftwilliam.com part of Wolters Kluwer Legal & Regulatory logo

Pension Plan Administrator

DeMars Pension Consulting Services, Inc.
(Overland Park KS / MO / NE / OK)

View More Employee Benefits Jobs

Free Newsletters

“BenefitsLink continues to be the most valuable resource we have at the firm.”

-- An attorney subscriber

Mobile App image LinkedIn icon
Twitter icon
Facebook icon

Press Releases by Date   |   Press Releases by Company Name


View More Press Releases by BPAS

Press Release

Benefit Plans Administrative Services Expands in Midwest

Issued by BPAS

July 12, 2021

Utica, NY, July 6, 2021 —BPAS, a national provider of retirement plans, benefit plans, fund administration, and collective investment trusts announced today its acquisition of Fringe Benefit Design of Minnesota, Inc. (FBD), a provider of retirement plan administration, actuarial, and benefit consulting services with offices in Minnesota and South Dakota.

BPAS, a subsidiary of Community Bank System, Inc., provides daily valuation, actuarial and employee benefit consulting, cafeteria plan and institutional trust services through its various subsidiaries on a national scale. It has offices in Utica and Syracuse, NY; Pittsburgh and Philadelphia, PA; Houston, TX; Boston, MA and Puerto Rico.

“We are very excited about joining forces with BPAS,” said Kevin Miller, FBD President/CEO. “We feel that combining our highly skilled administrative team, industry-leading technology, and operating efficiencies provided by BPAS, and the investment selection/monitoring provided by The E-Valuator software will make this an industry-leading package that will compete extremely well in the retirement plan industry.”

The acquisition will give BPAS a profile of revenues of approximately $110 million, administration of more than 510,000 retirement plan participant accounts, 4,200 employer clients, and some $110 billion of total assets in trust.

“This transaction represents a very attractive opportunity for us,” said Community Bank System President and Chief Executive Officer, Mark E. Tryniski. “Our employee benefits and trust business is the largest of our non-banking businesses, and plays a significant role in our overall growth strategy for our financial services businesses on a national level.”

According to Paul Neveu, BPAS CEO, “We have known FBD for years, and have worked with them in several capacities. They have an impressive team of experts, including numerous plan consultants and relationship managers. Through this transaction, we’ll provide FBD clients with the latest technology and features while they continue to work with professionals they know and trust on a local basis. This combination gives BPAS a significant Midwest office – allowing us to bring our unique mix of services to many new advisors and trust companies, while augmenting our services to existing clients and partners there. State-of-the-art technology with local service and a strong focus on relationships and accountability — that’s a win/win in today’s world.”

“This affiliation adds exceptional depth and breadth for the benefit of our current and prospective clients,” added Maryann Geary, President of BPAS. “With this acquisition, we significantly expand our retirement offerings on a national level, including the Association and Group Plan space.  We are excited to combine with FBD and committed to growing our capabilities in the region and nationally.”

About BPAS

BPAS is a national provider of retirement plans, benefit plans, fund administration, and collective investment trusts. 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 | Actuarial & Pension | Healthcare Consulting | IRA | VEBA HRA | Health & Welfare Plans | Fiduciary | Collective Investment Funds | Fund Administration | Institutional Trust

Specialty practices include: Auto Enrollment Plans | Multiple Employer Trusts/Plans (MET/MEP) | Plans with Employer Securities | Puerto Rico Section 1081 Plans | VEBA HRA Plans | Cash Balance Plans | Collective Investment Trusts | 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.

Community Bank System, Inc. (CBU) operates more than 230 customer facilities across Upstate New York, Northeastern Pennsylvania, Vermont, and Western Massachusetts through its banking subsidiary, Community Bank, N.A. With assets of over $13.9 billion, the DeWitt, N.Y. headquartered company is among the country’s 125 largest banking institutions. In addition to a full range of retail, business, and municipal banking services, the Company offers comprehensive financial planning, insurance and wealth management services through its Community Bank Wealth Management Group and OneGroup NY, Inc. operating units. The Company’s Benefit Plans Administrative Services, Inc. subsidiary is a leading provider of employee benefits administration, trust services, collective investment fund administration and actuarial consulting services to customers on a national scale. Community Bank System, Inc. is listed on the New York Stock Exchange and the Company’s stock trades under the symbol CBU. For more information about Community Bank visit www.cbna.com or https://ir.communitybanksystem.com.

View More Press Releases by BPAS


Editor's note: This press release has been issued by the company named above, not BenefitsLink. Reliance on information in this press release might be prudent only after an independent review of its accuracy, completeness, efficacy, and timeliness. Reference to any specific commercial product, process, or service by trade name, trademark, service mark, manufacturer, or otherwise does not constitute or imply endorsement, recommendation, or favoring by BenefitsLink.

© 2022 BenefitsLink.com, Inc.