BPAS Achieves CEFEX Certification
BPAS, a subsidiary of Community Financial System (NYSE: CBU), has achieved CEFEX certification from the Centre for Fiduciary Excellence, a division of Broadridge Fi360 Solutions. The certification validates BPAS's adherence to the ASPPA Standard of Practice for Retirement Plan Service Providers, covering best practices in governance, organization, HR, operations, planning, systems, and disclosure.
The company received dual certification for both Record keeping and Third-Party Administration Services. BPAS operates through 17 offices across the nation and Puerto Rico, providing comprehensive retirement plans, benefit plans, fund administration, and collective investment trust services. The certification process included a detailed assessment of operational procedures and on-site interviews.
BPAS, una filiale di Community Financial System (NYSE: CBU), ha ottenuto la certificazione CEFEX dal Centre for Fiduciary Excellence, una divisione di Broadridge Fi360 Solutions. Questa certificazione attesta la conformità di BPAS allo Standard di Pratica ASPPA per i fornitori di servizi di piani pensionistici, coprendo le migliori prassi in governance, organizzazione, risorse umane, operazioni, pianificazione, sistemi e trasparenza.
L'azienda ha ricevuto una doppia certificazione sia per i servizi di tenuta dei registri che per l'amministrazione di terze parti. BPAS opera tramite 17 uffici distribuiti negli Stati Uniti e a Porto Rico, offrendo piani pensionistici completi, piani di benefit, amministrazione di fondi e servizi di trust di investimento collettivo. Il processo di certificazione ha incluso una valutazione dettagliata delle procedure operative e interviste in loco.
BPAS, una filial de Community Financial System (NYSE: CBU), ha obtenido la certificación CEFEX del Centre for Fiduciary Excellence, una división de Broadridge Fi360 Solutions. La certificación valida la adherencia de BPAS al Estándar de Práctica ASPPA para Proveedores de Servicios de Planes de Retiro, abarcando las mejores prácticas en gobernanza, organización, recursos humanos, operaciones, planificación, sistemas y divulgación.
La empresa recibió una doble certificación tanto para mantenimiento de registros como para servicios de administración de terceros. BPAS opera a través de 17 oficinas en todo el país y Puerto Rico, proporcionando planes de retiro integrales, planes de beneficios, administración de fondos y servicios de fideicomisos de inversión colectiva. El proceso de certificación incluyó una evaluación detallada de los procedimientos operativos y entrevistas en sitio.
BPAS는 Community Financial System(NYSE: CBU)의 자회사로서 Broadridge Fi360 Solutions 산하의 Centre for Fiduciary Excellence로부터 CEFEX 인증을 획득했습니다. 이 인증은 BPAS가 ASPPA 은퇴 계획 서비스 제공자 실무 표준을 준수함을 입증하며, 거버넌스, 조직, 인사, 운영, 기획, 시스템 및 공시 분야의 모범 사례를 포함합니다.
회사는 기록 관리 및 제3자 관리 서비스 모두에 대해 이중 인증을 받았습니다. BPAS는 전국과 푸에르토리코에 걸쳐 17개의 지사를 운영하며, 종합 은퇴 계획, 복리후생 계획, 펀드 관리 및 집합 투자 신탁 서비스를 제공합니다. 인증 과정에는 운영 절차에 대한 상세 평가와 현장 인터뷰가 포함되었습니다.
BPAS, filiale de Community Financial System (NYSE : CBU), a obtenu la certification CEFEX délivrée par le Centre for Fiduciary Excellence, une division de Broadridge Fi360 Solutions. Cette certification atteste de la conformité de BPAS à la norme de pratique ASPPA pour les prestataires de services de plans de retraite, couvrant les meilleures pratiques en matière de gouvernance, organisation, ressources humaines, opérations, planification, systèmes et divulgation.
L’entreprise a reçu une double certification pour les services de tenue de registres et d’administration par des tiers. BPAS opère à travers 17 bureaux répartis aux États-Unis et à Porto Rico, offrant des plans de retraite complets, des plans d’avantages sociaux, l’administration de fonds et des services de fiducie d’investissement collectif. Le processus de certification a inclus une évaluation détaillée des procédures opérationnelles et des entretiens sur site.
BPAS, eine Tochtergesellschaft von Community Financial System (NYSE: CBU), hat die CEFEX-Zertifizierung vom Centre for Fiduciary Excellence, einer Abteilung von Broadridge Fi360 Solutions, erhalten. Die Zertifizierung bestätigt die Einhaltung des ASPPA-Standards für Dienstleister von Altersvorsorgeplänen durch BPAS und umfasst bewährte Verfahren in den Bereichen Governance, Organisation, Personal, Betrieb, Planung, Systeme und Offenlegung.
Das Unternehmen erhielt eine doppelte Zertifizierung sowohl für die Aufzeichnung als auch für die Drittanbieter-Verwaltungsdienste. BPAS ist mit 17 Niederlassungen landesweit und in Puerto Rico tätig und bietet umfassende Altersvorsorgepläne, Leistungspläne, Fondsverwaltung und kollektive Investment-Trust-Dienste an. Der Zertifizierungsprozess umfasste eine detaillierte Bewertung der Betriebsabläufe und Vor-Ort-Interviews.
- Achieved prestigious CEFEX certification, enhancing market credibility
- Dual certification in Record keeping and Third-Party Administration Services
- Extensive national presence with 17 office locations
- None.
BPAS has earned the right to use the CEFEX Mark which indicates the firm's established practices are aligned with investors' interests and worthy of trust and confidence," said Carlos Panksep, CEFEX VP.
CEFEX certification is only granted to firms that demonstrate adherence to the American Society of Pension Professionals & Actuaries (ASPPA) Standard of Practice for Retirement Plan Service Providers. The Standard includes best practices for governance, organization, human resources, operations, planning, systems, and disclosure, as defined by a cross-industry task force established in 2007. The certification process involves a detailed assessment of operational data and procedures, followed by on-site interviews with key personnel.
"Broadridge is pleased to add BPAS to an elite group of providers who have demonstrated adherence to professional practices that define a standard of excellence," added Panksep, "CEFEX-certified firms adhere to a standard representing the best practices in their industry. The standards include specific criteria which have been substantiated by regulation or written in consultation with leading firms."
BPAS, a subsidiary of Community Financial System, Inc. (CFSI, NYSE: CBU), provides the full spectrum of retirement plan services through 17 offices across the nation and
"We are incredibly proud to have achieved this certification," said Maryann Geary, President of BPAS Plan Administration & Recordkeeping Services. "Earning the CEFEX mark affirms our team's ongoing commitment to excellence, integrity, and continuous improvement. Excellence is an important part of our culture. We strive for it by continuously evolving every aspect of our business. This achievement reinforces our dedication to providing the highest quality services to our clients and partners in everything we do."
BPAS is CEFEX certified for both Record keeping and Third-Party Administration Services. The certification is registered and can be viewed at www.fi360.com/cefex.
"At BPAS, we've always been focused on the quality and depth of our plan consulting and the operational integrity of our daily valuation program," said Paul Neveu, BPAS CEO. "While we considered CEFEX certification in the past, we just never took the next step because of the range of audits already conducted on our firm. But, with so many industry changes, we decided to review the CEFEX program more in depth and decided it would be a terrific development from the standpoint of our clients and partners. The CEFEX Mark is known in the industry as the mark of excellence. We are honored to achieve the double CEFEX certification."
CEFEX is more than an SSAE or financial audit. It's an independent audit to a standard of practice used by the best administration and recordkeeping firms in areas such as operations, human resources, and workflow management.
"Our certification is consistent with the culture of integrity, ethical values, and service excellence we strive for at BPAS," added Neveu. "We will continue to work on every area of our solution – from technology to compliance to operations and the user experience – to optimize the experience for the partners and clients that choose BPAS."
About BPAS
BPAS is a national provider of retirement plans, benefit plans, fund administration, and institutional trust services. Since 1973, we've made it our mission to simplify the complicated by delivering benefit-plan services that solve client challenges without the need to engage multiple providers. One company. One call. We support more than 6,100 plans,
The BPAS family of services includes Workplace Retirement Plans, Actuarial & Pension, Health Benefits Consulting, IRA, VEBA/115 Trusts, Health & Welfare Plans, Fiduciary, Collective Investment Funds, Fund Administration, Institutional Trust, and Advisor Coaching.
As a solutions-oriented national practice, BPAS is committed to "Solving Tomorrow's Benefit Challenges Today." Visit bpas.com for more information.
About Broadridge Fi360 Solutions
Broadridge Fi360 Solutions is a fiduciary education, training, and technology organization within Broadridge, that helps financial intermediaries use prudent fiduciary practices to profitably gather, grow and protect investors' assets. Since 1999, the organization has provided financial professionals with the tools necessary to act as a fiduciary in their work with investors. Broadridge Fi360 Solutions is the home of the Accredited Investment Fiduciary® (AIF®) designation, the Fiduciary Focus Toolkit™, the Fi360 Fiduciary Score® and CEFEX, Centre for Fiduciary Excellence®. Learn more at www.fi360.com.
Media Contact: Paul Neveau
315-292-6900 | pneveau@bpas.com
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SOURCE BPAS
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