Blue Ridge ESOP Associates Industry News

CEFEX-ASPPA Recordkeeper Certification Renewed for Blue Ridge

Posted by Blue Ridge ESOP Associates

Apr 28, 2020 10:32:51 AM

2015ASPPA_CEFEX_Mark-1Blue Ridge ESOP Associates was founded on principles of accuracy, integrity, and exceptional client service. We are also committed to continual improvement. Our dedication to doing what is best for you, our clients, prompted us to engage CEFEX, the Centre for Fiduciary Excellence, LLC to audit our processes. In 2011, Blue Ridge was certified for adhering to the American Society of Pension Professionals & Actuaries (ASPPA) Standard of Practice for Retirement Plan Service Providers.

Blue Ridge undergoes an annual detailed assessment of operational data and procedures, followed by on-site interviews with key personnel, to maintain this certification. We are proud to announce Blue Ridge's CEFEX certification has been renewed, upholding our commitment to adhere to a standard of excellence and dedication in providing third party administration services for ESOPs and 401(k) plans. According to the Managing Director of the Centre for Fiduciary Excellence, Carlos Panksep, “Maintaining certification requires a continued adherence to the industry’s best practices. This is verified through our annual renewal assessment.” 

Our CEFEX-ASPPA certification signifies our commitment to adhere to a standard of excellence and a dedication to Recordkeeping and Administration best practices.

CEFEX_tm_logo_med(617x233)(340x128)CEFEX is an independent global assessment and certification organization. They work closely with industry experts to provide comprehensive assessment programs to improve the practices of investment advisors, stewards (retirement plans, foundations and endowments, etc.), investment managers, and other financial service providers. CEFEX also confers a formal certification for those firms that are willing to undergo a comprehensive audit and able to demonstrate that they fully conform to high standards that are substantiated in law and proven best practices.

Specifically, for our firm, we sought The American Society of Pension Professionals & Actuaries (ASPPA) Certification for Service Provider Excellence.  This certification program was developed to recognize firms providing recordkeeping and/or administration services to retirement plans that adhere to a standard of excellence and a dedication to best practices. The program, which requires an annual certification renewal, encourages a culture of good governance and oversight at certified firms. The certification allows firms to distinguish themselves in a competitive marketplace and establish credibility with current and prospective clients and advisors.

The CEFEX-ASPPA certification offers testament to the fact that we understand the importance of paying close attention to everything from high level strategies and policies all the way down to the details of our business practices. The CEFEX Mark signifies that our clients can be confident that we are worthy of their trust.

We wanted to share news of the important recognition of our commitment to operational integrity, service provider excellence and continuous improvement that we have earned.  CEFEX-ASPPA certification is yet another way we tangibly demonstrate that serving our clients best interests is our highest priority.

For more information about Blue Ridge ESOP Associates, please contact one of our team members in your region:

Tom Roback - Principal/Managing Director - East - 434.220.7947

Chad Guzinski - Regional Sales Director - Midwest - 434.220.7945

Marie Sherlock - Regional Sales Director - West - 434.220.7948

About Blue Ridge ESOP Associates:

Blue Ridge ESOP Associates delivers the highest quality ESOP and 401(k) Administration services in the industry. We exceed client expectations through personal attention, a pro-active, team-oriented approach, and a focus on timeliness and technological innovation. Our supportive, challenging environment fosters respect, integrity and professional growth among our staff. Our mission is to be the ESOP and 401(k) Administration firm of choice. Learn more at via Twitter, Facebook or on LinkedIn

About CEFEX®:

CEFEX®, Centre for Fiduciary Excellence, LLC, a Fi360® company, is an independent certification organization. CEFEX works closely with industry experts to provide comprehensive assessment programs to improve the fiduciary practices of investment stewards, advisors, recordkeepers, administrators and managers. CEFEX is based in Pittsburgh, PA. Learn more at via Twitter or on LinkedIn.