When picking a retirement plan provider whether it\u2019s a third party administrator (TPA) or financial advisor, don\u2019t pick a provider just because they\u2019re the biggest provider out there. Bigger doesn\u2019t mean better. As you see in high school, being popular also doesn\u2019t mean better either.<\/p>\n
You should pick a TPA that is competent at what they do and that charges a reasonable fee. The number of plans under management or\/administration may mean the provider is very good at generating business, but it doesn\u2019t mean they\u2019re good at what they do.<\/p>\n
When someone says their TPA is better because all the plans they administer, all I point out is that Bud Light is the best selling beer in the United States. Does that make it the best beer? Of course not. Case closed.<\/p>\n
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