{"id":3646,"date":"2018-08-13T13:33:04","date_gmt":"2018-08-13T17:33:04","guid":{"rendered":"http:\/\/therosenbaumlawfirm.com\/blog\/?p=3646"},"modified":"2018-08-13T13:33:04","modified_gmt":"2018-08-13T17:33:04","slug":"anyone-can-be-a-tpa-and-thats-a-problem","status":"publish","type":"post","link":"http:\/\/therosenbaumlawfirm.com\/blog\/?p=3646","title":{"rendered":"Anyone can be a TPA and that\u2019s a problem"},"content":{"rendered":"<p class=\"s3\"><span class=\"s2\">With apologies to <\/span><span class=\"s2\">Tod<\/span><span class=\"s2\"> Higgins (played by Keanu Reeves) in \u201cParenthood\u201d, you need a license to practice law to be an ERISA attorney, you need to be a CPA to be a retirement plan auditor, you need a securities license to be a financial advisor, but any shmuck can put out a shingle and call themselves a third party administrator (TPA).<\/span><\/p>\n<p class=\"s3\"><span class=\"s2\">There is no required training or licensing for someone to operate a TPA business and I find that scary for a position that requires such knowledge and expertise to do the job of plan administration and recordkeeping properly.<\/span><\/p>\n<p class=\"s3\"><span class=\"s2\">So when looking for a TPA, look for any ASPPA <\/span><span class=\"s2\">or CEFEX designation <\/span><span class=\"s2\">or other accreditations such as an enrolled actuary among the professionals you hire as your TPA.<\/span><a name=\"_GoBack\"><\/a><\/p>\n<p><span class='st_sharethis' st_title='{title}' st_url='{url}' displayText='ShareThis'><\/span><\/p>","protected":false},"excerpt":{"rendered":"<p>With apologies to Tod Higgins (played by Keanu Reeves) in \u201cParenthood\u201d, you need a license to practice law to be an ERISA attorney, you need to be a CPA to be a retirement plan auditor, you need a securities license &hellip; <a href=\"http:\/\/therosenbaumlawfirm.com\/blog\/?p=3646\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n<p><span class='st_sharethis' st_title='{title}' st_url='{url}' displayText='ShareThis'><\/span><\/p>","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"_links":{"self":[{"href":"http:\/\/therosenbaumlawfirm.com\/blog\/index.php?rest_route=\/wp\/v2\/posts\/3646"}],"collection":[{"href":"http:\/\/therosenbaumlawfirm.com\/blog\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/therosenbaumlawfirm.com\/blog\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/therosenbaumlawfirm.com\/blog\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/therosenbaumlawfirm.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=3646"}],"version-history":[{"count":1,"href":"http:\/\/therosenbaumlawfirm.com\/blog\/index.php?rest_route=\/wp\/v2\/posts\/3646\/revisions"}],"predecessor-version":[{"id":3647,"href":"http:\/\/therosenbaumlawfirm.com\/blog\/index.php?rest_route=\/wp\/v2\/posts\/3646\/revisions\/3647"}],"wp:attachment":[{"href":"http:\/\/therosenbaumlawfirm.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3646"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/therosenbaumlawfirm.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=3646"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/therosenbaumlawfirm.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=3646"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}