MP, a full service Human Capital Management (HCM) solutions provider, is partnering with BPAS, a national provider of retirement plans, benefit plans, fund administration, and collective investment trusts, to deliver integrated solutions for mutual plan-sponsor clients. The MP-BPAS partnership provides clients with 360-degree integration technology links and synchronized data between the plan sponsor, recordkeeper, administrator, and employees.
This new partnership eliminates manual uploads, reduces data entry errors, and protects data integrity for clients. Data will be updated automatically between BPAS and MP whenever a change is made to one of the systems, resulting in a 360-degree automation to all parties. Employers will benefit from MP’s comprehensive payroll services and BPAS’s defined contribution (DC) plan administration.
“We are excited to support MP and BPAS clients in a new way,” said Jason Maxwell, CEO of MP. “We can now offer seamless, top-tier solutions for plan administration, as well as proactive and reliable HR and payroll services that save our clients significant time and improves operational efficiency.”
“BPAS is committed to executing and streamlining the plan sponsor experience,” said Paul Neveu, BPAS CEO. “We recognize that payroll providers and DC plan recordkeepers operate in a world of client choice. When we can create a partnership where two firms deliver refreshing new solutions to employers, we’re going to jump at it. It’s an opportunity to restore 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 advisor partnerships in 2014. “We have earned our clients’ trust as they outsource their retirement plan needs to us,” added Neveu. “We’re proud of this partnership and are looking forward to a full rollout to clients. Additionally, MP will now be a provider of choice for BPAS clients, serving their HR, payroll, and benefits administration needs.”
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