CHAMPAIGN, Ill., Feb. 12, 2013 /PRNewswire/ -- BPC, Benefit Planning Consultants, Inc., has become one of the first third party administrators in the nation to earn certification from CEFEX, Centre for Fiduciary Excellence, LLC, for Retirement Plan Services. After successfully completing an in-depth independent audit, CEFEX certified BPC as adhering to the American Society of Pension Professionals & Actuaries (ASPPA) Standard of Practice for Retirement Plan Service Providers.
BPC's Retirement Plans Division serves plans with assets exceeding 1.1 billion dollars for approximately 700 employers and more than 30,000 retirement plan participants across the nation. "The CEFEX designation for Retirement Plan Service Providers recognizes the high bar BPC set for itself and has been operating at for more than 30 years," said Chief Executive Officer of BPC, Habeeb Habeeb. "I am proud that we passed this rigorous certification and it is a testament of the hard work and integrity demonstrated by our highly-trained professionals."
"The CEFEX certification provides assurance to fiduciaries and their stakeholders that BPC has demonstrated adherence to the best practices in the recordkeeping and administration industry," said Managing Director of the Centre for Fiduciary Excellence, Carlos Panksep. "The successful completion of the independent assessment is an extraordinary indication of a firm's accountability to its clients."
The annual certification process involves a detailed assessment of operational data and procedures, followed by on-site interviews with key personnel. BPC is registered at http://www.cefex.org/registrationDetails.aspx?reg=10160 where its certificate can also be viewed. A summary of the Standard can be viewed by clicking on the certificate.
About Benefit Planning Consultants (BPC)
Benefit Planning Consultants (BPC), Inc., an award-winning third party administrator of employee Retirement and Benefit Plans, is one of the largest and longest operating firms in the Midwest. Since 1979, BPC's certified professionals have been helping businesses on the design, implementation and administration of Retirement Plan Services such as 401(k), 403(b), 457, ESOP, Money Purchase, Profit Sharing and ESOP; and Benefit Plan Services such as Flex, HRA, HSA, and Sec.125 Cafeteria Plans, COBRA, Eligibility Audits, Transportation Plans, and Identity Theft Protection.
BPC was named AAIM Employer's Association Employer of the Year in 2010 and Champaign County Chamber of Commerce Small Business of the year in 2006. The organization is led by Habeeb Habeeb, President and Chief Executive Officer. Mr. Habeeb serves on the Board of Directors for the Employers Council on Flexible Compensation and the Illinois Chamber of Commerce. BPC was founded in 1979 by Scott Reichard, Chairman of the Board. Learn more at www.bpcinc.com.
CONTACT: Kristin Williamson, Director of Public Relations, Benefit Planning Consultants, +1-217-355-2300, [email protected]
SOURCE Benefit Planning Consultants (BPC)