Why Retirement Plan Financial Advisors Should Care Who Their Client’s TPA Is

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Ernie Banks was one of the greatest shortstops of all time and he never made it to the World Series, because his Chicago Cubs could never get past the “Billy Goat” curse. Don Mattingly never made it to the World Series either as his New York Yankee teams were littered with free agent busts (Ed Whitson, anyone?) and poor pitching, his bad back forced him to retire in 1995, one year before the Yankees ended their 18 year championship drought. Timing is everything in life, but so is being part of a good team. As a retirement plan financial advisor, you need to be a part of a good team of retirement plan providers because the quality of your team may determine your position as the specific plan’s financial advisor and/or making your job easier or more difficult. So this article is going to try to explain why you should care about the selection of your client’s third party administrator (TPA) and how the TPA can determine your experience working on your shared client’s retirement plan.

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Tax

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.

© Ary Rosenbaum, The Rosenbaum Law Firm P.C. | Attorney Advertising

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Ary Rosenbaum
The Rosenbaum Law Firm P.C.

Ary Rosenbaum is an ERISA/ retirement plan attorney for his firm, The Rosenbaum Law Firm P.C.. At a... View Profile »


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