The Value of A Good TPA

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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