# Benefit Plans Administrative Services, Inc. (BPAS)

> BPAS is a Utica, New York-based financial-services company that combines retirement-plan recordkeeping and administration, actuarial consulting, employee-benefit administration, fiduciary support, and institutional trust services. Founded in 1973 and owned by Community Financial System, it serves employers and financial intermediaries through a vertically integrated, open-architecture model designed to reduce vendor handoffs and compliance work.

- **Founded:** 1973
- **Headquarters:** Utica, United States
- **Team size:** Approximately 470 employees in the supplied company record; LinkedIn lists BPAS in the 201-500 employee range.
- **Products:** Defined contribution plan services, Defined benefit and actuarial services, Tailored TPA services, IRA and AutoRollover services, Employee benefit administration
- **Notable:** Founded in 1973 and surpassed 50 years in business in 2023., Reports 10,375 plans, $132 billion in trust assets, $1.3 trillion in fund administration and approximately 980,000 participants., Earned CEFEX retirement-plan service-provider certification for recordkeeping and administration, initially registered in 2025 and renewed in 2026.

## Products & services

- **Defined contribution plan services** — Bundled recordkeeping, administration, clearing and custody for 401(k) and other workplace retirement plans, including payroll integration, compliance support and participant tools.
- **Defined benefit and actuarial services** — Plan design, actuarial valuations, benefit calculations, regulatory filings, audit support and administration for pensions and cash-balance plans.
- **Tailored TPA services** — Unbundled third-party administration, compliance testing, contribution calculations, plan documents and Form 5500 support that can work with outside recordkeepers and advisors.
- **IRA and AutoRollover services** — IRA custody, recordkeeping, tax reporting, online access and automated force-out rollovers for plan sponsors, recordkeepers and TPAs.
- **Employee benefit administration** — Administration and consulting for HSA, FSA, HRA, COBRA, 401(h), VEBA and Section 115 trust arrangements.
- **Institutional trust and fund administration** — Collective investment fund administration, transfer agency, directed and discretionary trust, custody and other institutional services through BPAS subsidiaries.
- **BPAS University** — A participant education hub with retirement content, calculators, planning tools, account guidance and financial-wellness resources.
- **CensusPRO** — A secure employer portal for transmitting payroll and census data, with integrations intended to improve accuracy and automate plan administration.
- **Advisor coaching** — Practice-management coaching added through the 2025 acquisition of What's Next 4 Financial Advisors.
- **ESOP and kSOP services** — Specialized administration, compliance and consulting for employee-stock-ownership and combined ESOP/401(k) plans.

## Achievements

- Founded in 1973 and surpassed 50 years in business in 2023.
- Reports 10,375 plans, $132 billion in trust assets, $1.3 trillion in fund administration and approximately 980,000 participants.
- Earned CEFEX retirement-plan service-provider certification for recordkeeping and administration, initially registered in 2025 and renewed in 2026.
- Placed among the top five recordkeepers in multiple NAPA Advisors' Choice categories and market segments for four consecutive years through 2025, according to BPAS materials.
- Reported 96% client satisfaction and 97% willingness to recommend in its 2025 client survey.
- Expanded nationally through acquisitions including Northeast Retirement Services, Fringe Benefits Design and What's Next 4 Financial Advisors.

## Latest updates

- **2026-07** — BPAS expanded its ESOP and kSOP practice and appointed retirement-industry veteran Richard Troska to its specialized consulting team.
- **2026-03** — CEFEX records show BPAS renewed its Full Service Recordkeeping certification, with a current registration date of March 31, 2026.
- **2026-02** — BPAS promoted its September 2026 Partner Conference in Portland, Maine as an education and networking event for financial partners.
- **2025-12** — BPAS published results from a survey of nearly 1,500 employees, reporting that 85% considered a retirement plan important to staying with their employer.
- **2025-04** — BPAS announced that it had achieved CEFEX certification for retirement-plan recordkeeping and administration services.
- **2025-02** — BPAS completed the acquisition of the What's Next 4 Financial Advisors coaching practice, effective February 1, 2025.

## Links

- Website: https://bpas.com
- LinkedIn: https://www.linkedin.com/company/bpas
- Twitter/X: https://twitter.com/bpasinc
- Facebook: https://www.facebook.com/BPASuniversity/

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Published by YesPress — https://yespress.io
Last updated: 2026-08-13