Administration September 6, 2003

Bank Snaps Up Empire State Benefits Consultant

June 9, 2003 (PLANSPONSOR.com) - The Community Bank System, Inc. has inked a deal to acquire benefits consultant Upstate New York Global Human Resources Solutions Group (UNYGHRS) of PricewaterhouseCoopers LLP (PwC).
Reported by

The UNYGHRS Group provides retirement and employee benefits consulting services for larger and middle-market companies throughout Upstate New York.   The two senior principals, Nicholas Phillips and Vincent Spina, as well as professional staff, will become part of CBU’s Benefit Plans Administrative Services, Inc. (BPA) subsidiary.

The Utica, New York-based BPA provides services to clients in 27 states and the Commonwealth of Puerto Rico. BPA will also maintain an office in Syracuse to ensure a seamless transition of client service with the addition of the new consulting group.

Following the acquisition, BPA will employ more than 70 people and serve over 700 clients in retirement plan administration services.

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