MP and BPAS Partnership Brings Integrated Technology
22 June 2021
BPAS, a leading national provider of retirement plans, benefit plans, fund administration, and collective investment trusts and MP, an HCM solutions company focused on payroll and HR services, announced today that they have formed a partnership, as well as rolled out 360-degree integrated solutions for mutual plan sponsor clients. This integration technology automatically links and synchronizes data between the plan sponsor, recordkeeper/investment provider, and employees. Data is updated automatically between BPAS and MP whenever a change is made to one of the systems. This fully automated solution and saves time by eliminating manual uploads, reducing data entry errors, and protecting data integrity. Additionally, MP will now be the provider of choice for BPAS clients, serving their HR, payroll, and benefits administration needs.
“We are excited to fully support MP and BPAS clients in a new way,” said Jason Maxwell, CEO of MP. “We will offer seamless, top tier solutions for plan administration, as well as proactive and reliable HR and payroll services.” Together, MP and BPAS are offering employers the option to customize and manage their choice of service providers across employee benefit, payroll, and accounting services. The two companies have built an integration solution that optimizes the employee experience for its clients.
“BPAS is committed to executing and streamlining our clients’ investment goals,” said Paul Neveu, President of BPAS Plan Administration & Recordkeeping Services. “We have earned our clients’ trust as they completely outsource their retirement plan needs to us. This partnership with MP is just one more way we can improve clients’ experience and support them in reaching their larger business goals.” MP proudly serves clients across the entire U.S., with a high concentration in New England. MP and BPAS began working together through advisor partnerships in 2014.
MP is a full-service HR and payroll services provider. Founded in 2004, it is headquartered in Beverly, Massachusetts. The company serves clients from all industries and across all 50 states, helping them streamline human capital management to achieve their larger business goals. MP combines best in class technology with proactive and reliable customer service to help clients optimize performance. For more information, visit mp-hr.com
BPAS is a national provider of retirement plans, benefit plans, fund administration, and collective investment trusts. They support 3,800 retirement plans, $77 billion in trust assets, $1 trillion in fund administration, and more than 450,000 participants. With their breadth of services, depth of creative talent, and financial resources, they are well positioned to help 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, they are committed to “Solving Tomorrow’s Benefit Challenges Today.” Visit bpas.com for more information.
Vice President, Marketing
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