Community Bank System Inc. has completed its purchase of Benefit Plans Administrators, a Utica, N.Y.-based third-party administrator of defined benefit and contribution plans.

The company, which has been renamed Benefit Plans Administrative Services Inc., administers 425 plans with $350 million in assets. Community Bank, with $1.2 billion in assets, operates 49 branches in northern and southwestern New York state, the Finger Lakes, and the Southern Tier.

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