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Community Bank System, Inc. Changes Corporate Name to Community Financial System, Inc.

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수요일, 5월 15, 2024

Banking, Professional Services, Finance, Insurance, Community, Community Bank, N.A., Wealth management, BPAS, NAPA, Community Bank, Web Cartoonists' Choice Awards, CBU, National Association

Community Bank System, Inc. (NYSE: CBU) (the “Company”), a diversified financial services holding company operating four complementary business units: Community Bank N.A., Benefit Plan Administrative Services, Inc. (“BPAS”), OneGroup NY, Inc. (“OneGroup”), and Wealth Management, announced that it has changed its corporate name to “Community Financial System, Inc.” (“Community Financial System”) effective as of today.

Key Points:

Community Bank System, Inc. (NYSE: CBU) (the “Company”), a diversified financial services holding company operating four complementary business units: Community Bank N.A., Benefit Plan Administrative Services, Inc. (“BPAS”), OneGroup NY, Inc. (“OneGroup”), and Wealth Management, announced that it has changed its corporate name to “Community Financial System, Inc.” (“Community Financial System”) effective as of today.
The Company’s ticker symbol will not change and its common stock will start trading on the New York Stock Exchange as Community Financial System, Inc. on May 24, 2024.
“The new name – Community Financial System – allows us to emphasize the evolution of our capabilities, solutions and focus,” said Dimitar A. Karaivanov, President and CEO of the Company.
Bringing all of that under the new name, Community Financial System, underscores our mission and drives our inclusiveness as one company.”

New VP hire bolsters Large Plan services for BPAS

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금요일, 4월 12, 2024

Business administration, Consultant, Pension, PNC Financial Services, BPAS, Growth, Management

SYRACUSE, N.Y., April 12, 2024 /PRNewswire/ -- BPAS has hired Brad Bonno as Vice President of Large Plan and Strategic Services, furthering the company's commitment to accelerating and growing services dedicated to meet the needs of clients in this market segment.

Key Points:

SYRACUSE, N.Y., April 12, 2024 /PRNewswire/ -- BPAS has hired Brad Bonno as Vice President of Large Plan and Strategic Services, furthering the company's commitment to accelerating and growing services dedicated to meet the needs of clients in this market segment.
"We see the need to create a dedicated large plan product and team to leverage our opportunity for growth in this market," said Elizabeth Kaido, BPAS Senior Vice President of Sales and Relationship Management.
Bringing over 25 years of experience in Retirement Plan Recordkeeping and Investment Advisory Services, Bonno possesses extensive and diverse expertise for the role.
"What convinced me that BPAS is one of the best kept secrets in our industry is their depth and quality of services.

BPAS Partners with the SS&C Automatic Rollover Program to Enhance Retirement Plan Servicing

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월요일, 12월 18, 2023

IRA, BPAS, ARP, Retirement, SS&C Technologies, SS&C

SYRACUSE, N.Y., Dec. 18, 2023 /PRNewswire/ -- BPAS, a leading provider of retirement and benefits administration services, is pleased to announce its AutoRollovers service has joined with SS&C Technologies' Automatic Rollover Program (ARP).

Key Points:

SYRACUSE, N.Y., Dec. 18, 2023 /PRNewswire/ -- BPAS, a leading provider of retirement and benefits administration services, is pleased to announce its AutoRollovers service has joined with SS&C Technologies' Automatic Rollover Program (ARP).
SS&C's pioneering platform is designed to revolutionize the servicing needs of Third-Party Administrators (TPAs), recordkeepers, advisory firms, and plan sponsors.
BPAS AutoRollovers provides a hassle-free IRA solution designed for terminated participants facing mandatory distributions from their retirement accounts.
The collaboration between BPAS AutoRollovers and SS&C's ARP aims to simplify and streamline the administration of mandatory rollovers at the plan level, providing an efficient and user-friendly solution.

Lincoln Financial Group introduces comprehensive health savings solutions for plan sponsors

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목요일, 10월 19, 2023

Lincoln Financial Group (NYSE:LNC) announced today the launch of an expanded suite of health savings solutions designed to empower retirement plan sponsors with a holistic approach to employee financial wellness.

Key Points:

Lincoln Financial Group (NYSE:LNC) announced today the launch of an expanded suite of health savings solutions designed to empower retirement plan sponsors with a holistic approach to employee financial wellness.
The comprehensive offering now includes a fully integrated Health Savings Account (HSA) that serves as a tax-efficient tool to manage qualified medical expenses, achieve savings and pursue retirement readiness.
By offering HSAs as part of their benefits package, plan sponsors can empower their employees to take control of their financial future, effectively managing healthcare expenses today while building a robust retirement savings nest egg,” said Ralph Ferraro, senior vice president, Retirement Plan Services, Lincoln Financial Group.
The company continues to expand its financial wellness program through its proprietary financial wellness tool, Lincoln WellnessPATH®, and Lincoln’s Financial Wellness Marketplace.

BPAS Earns Top Spots in 2023 NAPA Advisors' Choice Awards

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월요일, 9월 11, 2023

Adviser, Human resources, DB, Retirement, Senior, Environment, Investment, BPAS, Trustee, Culture, Financial adviser, Construction

BPAS also received top honors in the 2022 NAPA Advisor Choice Awards.

Key Points:

BPAS also received top honors in the 2022 NAPA Advisor Choice Awards.
"We couldn't be more excited by and grateful for these results," said Paul Neveu, BPAS CEO.
That approach seems to be resonating today, as so many firms have been disrupted by turnover following acquisitions.
In fact, BPAS clients save 45% more time with BPAS than with previous administrators using recordkeeping.

A Prominent Syracuse Actuarial Company Celebrates 20 Years

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수요일, 8월 16, 2023

Well, Senior, APS, PwC, Culture, A.I, History, Computer, Wind, Organization, Retirement, PWC, Sarbanes, Cooper, Community Bank, Spouse, Growth, Upstate, Sarbanes–Oxley Act, BPAS, Canning, Cryptocurrency, Spina

SYRACUSE, N.Y., Aug. 16, 2023 /PRNewswire/ -- BPAS Actuarial and Pension Services (APS) is celebrating its 20th anniversary this month.

Key Points:

SYRACUSE, N.Y., Aug. 16, 2023 /PRNewswire/ -- BPAS Actuarial and Pension Services (APS) is celebrating its 20th anniversary this month.
BPAS APS provides actuarial, consulting, and plan administration services to corporations, not-for-profit organizations, small-business owners, and professional services groups across the nation.
A spin-off of the former PriceWaterhouseCoopers (PwC) Global Human Resources Solutions division in Syracuse, BPAS APS today is named as one of the top 20 retirement plan actuarial practices in the U.S.
The two met fifteen years before PwC became APS when Spina was working with Community Bank (the parent company of BPAS).

BPAS Marks a 50th Anniversary Worth Celebrating!

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화요일, 5월 23, 2023

Jerry Mayer, now 84, started BPAS from his home in Utica when retirement plans were administered on paper.

Key Points:

Jerry Mayer, now 84, started BPAS from his home in Utica when retirement plans were administered on paper.
In 1996, BPAS was acquired by Community Bank System, Inc. Barry Kublin sourced the transaction with CBSI.
Kublin then led the company through tremendous growth during his tenure as BPAS CEO until he retired and moved to an outside advisory capacity in 2021.
But, they are what have made BPAS quietly grow for five decades to the organization it is today.

Bridge Clinic opens new clinic for IVF services in Central London

Retrieved on:

화요일, 5월 16, 2023

LONDON, May 16, 2023 /PRNewswire/ -- A new affordable, accessible Fertility clinic in central London aims to improve and innovate the patient experience. Bridge Clinic London offers a fully comprehensive range of the leading fertility services, with an approach centred on compassionate care for all patients at an affordable price. Its whole-clinic multidisciplinary approach to patient care ensures seamless communication, comprehensive medical review and, crucially, ensures patients feel heard and understood.

Key Points:

Bridge Clinic London offers a fully comprehensive range of the leading fertility services, with an approach centred on compassionate care for all patients at an affordable price.
Marta Jansa Perez, Director of Embryology, at Bridge Clinic London said: "At Bridge Clinic London we understand that fertility treatment can be a stressful and emotional experience.
The Bridge Clinic London team has a vast amount of experience in this sector and we pride ourselves on this."
Conveniently located in the heart of central London, between King's Cross and Euston stations, the clinic is intentionally accessible.

Bridge Clinic opens new clinic for IVF services in Central London

Retrieved on:

화요일, 5월 16, 2023

LONDON, May 16, 2023 /PRNewswire/ -- A new affordable, accessible Fertility clinic in central London aims to improve and innovate the patient experience. Bridge Clinic London offers a fully comprehensive range of the leading fertility services, with an approach centred on compassionate care for all patients at an affordable price. Its whole-clinic multidisciplinary approach to patient care ensures seamless communication, comprehensive medical review and, crucially, ensures patients feel heard and understood.

Key Points:

Bridge Clinic London offers a fully comprehensive range of the leading fertility services, with an approach centred on compassionate care for all patients at an affordable price.
Marta Jansa Perez, Director of Embryology, at Bridge Clinic London said: "At Bridge Clinic London we understand that fertility treatment can be a stressful and emotional experience.
James Barr, Managing Director, at Bridge Clinic London said: "Not only have we invested in our technology but also our team.
The Bridge Clinic London team has a vast amount of experience in this sector and we pride ourselves on this."

Lincoln Financial and BPAS announce partnership to deliver integrated Defined Benefit plan administration

Retrieved on:

월요일, 2월 13, 2023

LNC, Lincoln, NYSE, Pension, DB, Lincoln National Corporation, BPAS, Partnership, Communications satellite

RADNOR, Pa., Feb. 13, 2023 /PRNewswire/ -- Lincoln Financial Group (NYSE: LNC) and BPAS today announced a strategic partnership to deliver an integrated defined benefit (DB) plan solution, PensionEase, to its defined contribution (DC) clients who also sponsor a DB plan. Through this partnership, BPAS will provide Lincoln Financial clients with full DB administration, including recordkeeping, a customized web portal and participant-direct services, creating a more seamless customer experience for plan sponsors and their participants who have both DB and DC plans.

Key Points:

RADNOR, Pa., Feb. 13, 2023 /PRNewswire/ -- Lincoln Financial Group (NYSE: LNC) and BPAS today announced a strategic partnership to deliver an integrated defined benefit (DB) plan solution, PensionEase, to its defined contribution (DC) clients who also sponsor a DB plan.
Through this partnership, BPAS will provide Lincoln Financial clients with full DB administration, including recordkeeping, a customized web portal and participant-direct services, creating a more seamless customer experience for plan sponsors and their participants who have both DB and DC plans.
It will deliver fully integrated DC and DB services to more than 45,000 participants in plans currently served by Lincoln Financial.
"We are honored to be selected by Lincoln as the partner to offer our benefit administration solution, PensionEase, to their plan sponsors with Defined Benefit plans," said Paul Neveu, BPAS CEO.