You\u2019ve got a lot on your plate as a retirement plan provider and the last thing you need is more headaches. So don\u2019t add to your workload and headaches by deciding to bill for the work of another provider.<\/p>\n
I\u2019m an ERISA attorney and if I refer a plan sponsor to a third-party administrator (TPA), I\u2019m not going to bill for that TPA\u2019s work. Your job is to provide the best service for your client, your job isn\u2019t to be the billing office of another provider. Forget about the accounting aspects of it, what if the other provider doesn\u2019t provide the work promised? Are you know going to have to refund money that was never yours, to begin with?<\/p>\n
The road to hell is paved with good intentions and nothing good could come by doing another provider a solid by acting as their billing office.<\/p>\n
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