The Boilermakers National Funds (BNF) Selects V3 Benefits Administration System
Robust, Browser-based Vitech Solution Transforms Operations for Top Pension Funds
September 15, 2009 (New York) –Vitech Systems Group, Inc., a leading provider of enterprise software solutions to group benefit administrators announced today that the Boilermakers National Funds (BNF) has entered into an agreement to implement V3 as their new benefits administration software solution. The new browser-based system will address the dynamic needs of the fund, including providing BNF with extensive reporting capabilities and the functionality to manage legislative requirements. V3 will also enable the fund to provide elevated participant and employer support services with streamlined processes.
Boilermakers National Funds provides benefits for members of the International Brotherhood of Boilermakers, a diverse union representing over 100,000 workers throughout the United States and Canada in construction, repair, maintenance, manufacturing, professional emergency medical services, and related industries. The V3 system will enable BNF to contain administration costs and improve the levels of service it is able to offer its members.
Implementation of BNF’s new V3 system is underway, and is estimated at 36 months.
About Boilermakers National Funds
The Boilermakers National Funds (BNF) operates with the primary goal to improve the lives of fund participants and their families by providing a comprehensive portfolio of collectively bargained employee benefits. BNF was founded in 1954, and currently has three benefit plans which serve tens of thousands of active participants, retirees and dependents. Most of BNF’s participants are union members affiliated with more than 100 local lodges of The International Brotherhood of Boilermakers.
About Vitech Systems Group, Inc.
Vitech Systems Group. Inc. is a leading provider of software and services to the benefits administration community. Vitech's V3 System is the choice of organizations serving a combined 7,000,000+ participants. Headquartered in New York City, Vitech provides its clients with proprietary enterprise software, related implementation services, subject matter expertise and business processing support. Vitech has been in operation for over 15 years and the company's clients include city, county, state and Taft-Hartley benefit funds nation-wide. For more information about Vitech or the V3 Software, e-mail www.vitechinc.com or e-mail info@vitechinc.com.
Media Inquiries:
Laura Sankowich
Vitech Systems Group Corporate Communications
646-344-5584
lsankowich@vitechinc.com
