by Evan Stephens
on October 12, 2020
CEFEX (the Centre for Fiduciary Excellence, LLC), has certified National Benefit Services, LLC (NBS) as adhering to the American Society of Pension Professionals and Actuaries (ASPPA) Standard of Practice for Retirement Plan Service Providers. For the eighth consecutive year, NBS has successfully demonstrated a standard of excellence and a dedication to retirement plan administration best practices through an independent audit.
NBS was founded on principles of accuracy, integrity, and exceptional client service. We are also committed to continual improvement. One of the ways we show our dedication to doing what is best for our clients and partners is by engaging CEFEX to perform a rigorous audit of our processes.
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.” The annual certification process involves a detailed assessment of operational data and procedures, followed by interviews with key personnel.
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. And it is another way we demonstrate that serving our clients’ best interests is our highest priority.
For more information about the value of a CEFEX-certified third-party administrator to a retirement plan sponsor, download a copy of this brochure.