
You’ve established or are thinking of establishing a 401(k) for your business, now what?
One of the first questions that arises after deciding to implement a retirement plan is: “Who will take care of the plan’s administration requirements?” Employers will appoint a third-party entity, better known as a third-party administrator (TPA) to perform the duties associated with the plan administration. By appointing a TPA, the employer can outsource the plan administration functions to a qualified third-party who is experienced and equipped to meet all regulatory and administrative tasks required.