Hiring Your Payroll Provider As Your 401(k) TPA? Forget About It . Every year, I say the same thing.
10 years ago, I first wrote about the dangers of hiring a payroll provider as your 401(k) third-party administrator (TPA). Many things have changed in the 401(k) business in the last 10 years, but my opinion that hiring your payroll provider as you 401(k) TPA was bad then and is still bad now.
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