As many of you know, a substantive part of my income is independent fiduciary work. Whether it\u2019s an ERISA \u00a73(16) administrator, trustee, or Pooled Plan Provider (PPP), my other business Austin 3(16) Fiduciary Limited, is almost as successful in income as the law practice.<\/p>\n
There are times when Third Party Administration (TPA) firms ask me to serve as a PPP, and I raise the issue of whether they can do it independently. I\u2019m turning down the business of getting basis point income in favor of doing what\u2019s right by the TPA. Drafting a PPP agreement for them doesn\u2019t net the income as being a PPP, but it\u2019s what\u2019s right for the client. If they\u2019re already doing 3(16) work, being a PPP is a no-brainer. Sure, it\u2019s taking food out of my mouth, but it\u2019s done right by the client.<\/p>\n
<\/span><\/p>","protected":false},"excerpt":{"rendered":" As many of you know, a substantive part of my income is independent fiduciary work. Whether it\u2019s an ERISA \u00a73(16) administrator, trustee, or Pooled Plan Provider (PPP), my other business Austin 3(16) Fiduciary Limited, is almost as successful in income … Continue reading