Recordkeeping

Recordkeeping's primary function is maintaining individual participant account balances or benefit levels for plan participants. Defined Contribution recordkeeping can be performed on either a balance forward or a daily valuation basis. Daily valuation maintains its data in shares or units and accounts are updated quickly by factoring the number of shares by the recent Net Asset Value (NAV) or share prices. With either method, periodically valuation reports and employee benefit statements are prepared on at least an annual basis and frequently on a more regular interval, such as quarterly.

Below we would like to highlight daily valuation services that are available through BPI.

Daily Valuation Services
		Electronically interact with multiple mutual fund trading platforms
		Daily pricing of mutual fund shares
		Daily account inquiry
		Daily investment changes
		Internet and voice response access
		Web-based system provides participant statement on demand
		Mutual fund settlement and clearance services
		Electronic trading access to more than 3,500 funds
		No load, no transaction fee funds
		Payment agent services

Daily valuation recordkeeping offered by BPI provides small and medium size plan sponsors the same efficiencies and responsiveness of a daily traded system once enjoyed only by larger plan sponsors. BPI's open mutual fund architecture and multiple trading partners is more flexible and comprehensive than programs sponsored by a financial institution.

Please Contact Us for more information.