BPAS Achieves Top Honors in NAPA Advisors' Choice Awards for 2025

BPAS, a prominent name in the realm of retirement plans, benefit plans, and fund administration, has once again demonstrated its exceptional service by earning top distinctions in the recently held NAPA Advisors' Choice Awards. This accolade marks the fourth consecutive year that BPAS has been recognized in this prestigious event, further solidifying its reputation in the industry.

The NAPA Advisors' Choice Awards, initiated in 2021, serve as a benchmark celebrating the leading recordkeepers in various market segments and service categories. According to the National Association of Plan Advisors (NAPA), the collective insights from advisors provide invaluable evaluations of recordkeepers' strengths and weaknesses, making their opinions critical for assessing service quality. In 2025, BPAS was ranked among the Top 5 Recordkeepers in six distinct categories, particularly excelling in the areas of:

Advisor Support
Participant Statement
Education Materials
Regulatory Support
Staff Credentials
Retirement Income

Paul Neveu, the CEO of BPAS, expressed his excitement about receiving these accolades, stating, "We spend significant time throughout the year refining our value proposition, and being acknowledged by the NAPA Advisors is like a 'drum roll moment' for firms like ours. We're especially pleased to have secured six awards in the mid and large segments of the marketplace – plans valued between $10 million to $250 million. BPAS has always focused on handling complex and large plans, particularly for clients with sophisticated human resources teams, so this recognition is incredibly rewarding. Our relentless pursuit of enhancing technology and creating impactful service experiences—such as offering single-point-of-contact service and simplifying HR processes—reflects our commitment."

The structured services offered by BPAS make it a comprehensive provider, acting as a recordkeeper, administrator, custodian, and clearing firm all in one. Each client benefits from a dedicated, credentialed plan consultant regardless of their plan's size. This approach simplifies administration, cutting down the need for multiple providers and allowing clients to save valuable time while reducing complexity. Client feedback has indicated a noteworthy 97% satisfaction rating, alongside a reported 45% time savings in administration compared to prior providers.

Elizabeth Kaido, the Senior Vice President of Sales and Relationship Management at BPAS, stated, "Our results highlight the most essential aspect of our business: fostering strong relationships grounded in expertise, reliability, and flexibility. We're incredibly proud to cater to plans of all sizes and types, and we remain dedicated to nurturing long-term partnerships and delivering industry-leading services that both advisors and clients can trust."

BPAS has a rich history that dates back to 1973, striving to simplify complexities within retirement plans and benefit services. Currently, they support over 6,100 plans amounting to $110 billion in trust assets, with a massive $1.3 trillion in fund administration and 910,000 participants collaborating with advisors, trustees, and financial professionals nationwide.

Their vast array of services includes Workplace Retirement Plans, Actuarial Pension solutions, Health Benefits Consulting, IRA management, VEBA/115 Trusts, and many more, all tailored for the unique needs of their clients. BPAS's collaborative ecosystem allows for seamless technological integration, enhancing the overall client experience.

In conclusion, BPAS's recognition by the NAPA Advisors reflects its unwavering commitment to excellence and innovation in retirement planning and fund administration. As the company looks to the future, it remains steadfast in its mission to empower clients through a streamlined, efficient approach that prioritizes their needs and enhances their overall experience. The ongoing dedication to fostering relationships and delivering high-quality services ensures that BPAS will continue to play a pivotal role in shaping the retirement landscape for years to come.