Never Use Your Payroll Provider As Your 401(k) TPA

Ary Rosenbaum - The Rosenbaum Law Firm P.C.
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I have been in my own practice for 5 years and for 5 years, I’ve made enemies with two of the largest payroll providers in this country because I have issues with payroll providers being third party administrators (TPAs) for 401(k) plans. While it may look good on paper to hire a payroll provider as a 401(k) TPA, it’s actually a terrible idea, and this article will tell you why.

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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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