{"id":4680,"date":"2020-05-04T12:28:18","date_gmt":"2020-05-04T16:28:18","guid":{"rendered":"http:\/\/therosenbaumlawfirm.com\/blog\/?p=4680"},"modified":"2020-05-04T12:29:42","modified_gmt":"2020-05-04T16:29:42","slug":"tell-your-tpa-the-whole-story","status":"publish","type":"post","link":"https:\/\/therosenbaumlawfirm.com\/blog\/?p=4680","title":{"rendered":"Tell your TPA the whole story"},"content":{"rendered":"\n<p>There are good third-party administrators (TPAs) and bad ones. No matter how good your TPA is, they\u2019re not a mind reader. So when it comes to providing information to your TPA, you need to level with them. If you don\u2019t provide the necessary information about the census, ownership, ownership in other entities, and other qualified plans you maintain, your TPA can\u2019t do their job credibl<\/p>\n\n\n\n<p>There are good third-party administrators (TPAs) and bad ones. No matter how good your TPA is, they\u2019re not a mind reader. So when it comes to providing information to your TPA, you need to level with them. If you don\u2019t provide the necessary information about the census, ownership, ownership in other entities, and other qualified plans you maintain, your TPA can\u2019t do their job credibly.<\/p>\n\n\n\n<p>&nbsp;I\u2019ve seen too many TPAs discover errors, just because the plan sponsor didn\u2019t provide the necessary information. Corrective contributions might be owed if you did the employee census incorrectly or if you didn\u2019t provide all the companies you own.<\/p>\n\n\n\n<p>The easiest errors to avoid are the ones you can avoid by providing the information your TPA asks and by volunteering information that you should think they should know.<\/p>\n\n\n\n<p>There are good third-party administrators (TPAs) and bad ones. No matter how good your TPA is, they\u2019re not a mind reader. So when it comes to providing information to your TPA, you need to level with them. If you don\u2019t provide the necessary information about the census, ownership, ownership in other entities, and other qualified plans you maintain, your TPA can\u2019t do their job credibly.<\/p>\n\n\n\n<figure><iframe height=\"90\" width=\"728\"><\/iframe><\/figure>\n\n\n\n<p>&nbsp;I\u2019ve seen too many TPAs discover errors, just because the plan sponsor didn\u2019t provide the necessary information. Corrective contributions might be owed if you did the employee census incorrectly or if you didn\u2019t provide all the companies you own.<\/p>\n\n\n\n<figure><iframe height=\"90\" width=\"728\"><\/iframe><\/figure>\n\n\n\n<p>&nbsp;The easiest errors to avoid are the ones you can avoid by providing the information your TPA asks and by volunteering information that you should think they should know.<\/p>\n<p><span class='st_sharethis' st_title='{title}' st_url='{url}' displayText='ShareThis'><\/span><\/p>","protected":false},"excerpt":{"rendered":"<p>There are good third-party administrators (TPAs) and bad ones. No matter how good your TPA is, they\u2019re not a mind reader. So when it comes to providing information to your TPA, you need to level with them. If you don\u2019t &hellip; <a href=\"https:\/\/therosenbaumlawfirm.com\/blog\/?p=4680\">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":"https:\/\/therosenbaumlawfirm.com\/blog\/index.php?rest_route=\/wp\/v2\/posts\/4680"}],"collection":[{"href":"https:\/\/therosenbaumlawfirm.com\/blog\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/therosenbaumlawfirm.com\/blog\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/therosenbaumlawfirm.com\/blog\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/therosenbaumlawfirm.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=4680"}],"version-history":[{"count":2,"href":"https:\/\/therosenbaumlawfirm.com\/blog\/index.php?rest_route=\/wp\/v2\/posts\/4680\/revisions"}],"predecessor-version":[{"id":4682,"href":"https:\/\/therosenbaumlawfirm.com\/blog\/index.php?rest_route=\/wp\/v2\/posts\/4680\/revisions\/4682"}],"wp:attachment":[{"href":"https:\/\/therosenbaumlawfirm.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4680"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/therosenbaumlawfirm.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4680"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/therosenbaumlawfirm.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4680"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}