- BPAS, a subsidiary of Community Financial System (CBU, Financial), receives prestigious CEFEX certification.
- The certification covers Record keeping and Third-Party Administration Services across 17 locations.
- CEFEX accreditation reinforces BPAS's commitment to operational excellence and industry best practices.
BPAS, a national leader in retirement plans and benefit plan services and a subsidiary of Community Financial System Inc. (CBU), has achieved the esteemed CEFEX certification from the Centre for Fiduciary Excellence, a division of Broadridge Fi360 Solutions. This certification attests to BPAS's adherence to the American Society of Pension Professionals & Actuaries (ASPPA) Standard of Practice, which encompasses best practices in governance, organization, human resources, operations, planning, systems, and disclosure.
The certification process involved a meticulous assessment of BPAS's operational data and procedures, including on-site interviews with key personnel. BPAS has obtained dual certification for its Record keeping and Third-Party Administration Services, reflecting its comprehensive compliance with fiduciary standards. This recognition comes at a time when the company operates through 17 offices across the United States and Puerto Rico.
"We are incredibly proud to have achieved this certification," expressed Maryann Geary, President of BPAS Plan Administration & Recordkeeping Services. "The CEFEX mark affirms our team's ongoing commitment to excellence, integrity, and continuous improvement."
Paul Neveu, CEO of BPAS, highlighted that obtaining the CEFEX certification reinforces the company's drive to provide the highest quality services to its clients and partners. "The CEFEX Mark is known as the mark of excellence in the industry, and we are honored to achieve this double certification," he noted.
BPAS supports more than 6,100 plans, with $110 billion in trust assets and $1.3 trillion in fund administration, serving over 910,000 participants. This accomplishment underscores BPAS's dedication to maintaining the highest standards in service delivery and client satisfaction.
