The Rosenbaum Law Firm Review - February 2021

Ary Rosenbaum - The Rosenbaum Law Firm P.C.
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The Problems and Perils In Changing Your 401(k) TPA -

I hate moving and I’ve only had to do it a handful of times in my life. I’ve always said that moving can be a traumatic experience. Packing away items over time isn’t any fun, as well as the need for paring things done. It’s also not fun when you make the move and have to unpack. When you change third-party administrators (TPAs), it’s like moving and it can be traumatic. This article is all about the TPA change, which involves a conversion process that can start a whole host of problems for you as a plan sponsor.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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