BPAS, a provider of retirement plans, benefit plans and other services, is partnering with MP, a human capital management (HCM) solutions company, to deliver integrated solutions for mutual plan sponsor clients. The MP-BPAS partnership means 360-degree integration technology links and synchronized data between the plan sponsor, recordkeeper, administrator and employees.
This new partnership is said to eliminate manual uploads, reduce data entry errors and protect data integrity for employers choosing MP for comprehensive payroll services and BPAS for defined contribution (DC) plan administration. Data will be updated automatically between BPAS and MP whenever a change is made to one of the systems for full automation to all parties.
“We are excited to support MP and BPAS clients in a new way,” says Jason Maxwell, CEO of MP. “We can now offer seamless, top-tier solutions for plan administration, as well as proactive and reliable HR [human resources] and payroll services that will save our clients an enormous amount of time.”
Both MP and BPAS offer employers the option to customize and manage service providers across employee benefit, payroll and accounting services.
“BPAS is committed to executing and streamlining the plan sponsor experience,” says Paul Neveu, BPAS CEO. “We recognize that payroll providers and DC plan recordkeepers operate in a world of client choice. So, when we can create a partnership where two firms truly optimize the client experience and deliver refreshing new solutions to employers, we’re going to jump at it. It’s like we’re restoring the confident silence back into plan administration.”
MP serves clients across the nation with a high concentration in New England. MP and BPAS began working together through adviser partnerships in 2014.
“We have earned our clients’ trust as they outsource their retirement plan needs to us,” adds Neveu. “We’re proud of this partnership and are looking forward to a full rollout to clients. Plus, MP will now be a provider of choice for BPAS clients, serving their HR, payroll and benefits administration needs.”
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