The Value Of A Good TPA

Ary Rosenbaum
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When it comes to retirement plan administration, too often retirement plan sponsors pick a third party administration (TPA) firm on price. This is a mistake because good TPA firms can provide a value in plan design and minimizing a plan sponsor’s liability that outweighs any savings by hiring a low cost TPA. Plan sponsors should be concerned on fees, but quality of plan administration is a more important criteria in choosing a TPA.

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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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