My most famous and most read articles has been the series of articles concerning my opinion that the two top payroll providers aren\u2019t very good with 401(k) plan administration. While it\u2019s very popular with my reading public, it\u2019s very unpopular with people who work for payroll provider third party administrators (TPAs).<\/p>\n\n\n\n
Over the years, I\u2019ve received some criticism from people who work at these payroll provider TPAs and I understand it comes with the territory. What I don\u2019t understand is why people bother to criticize an opinion. There are plenty of advisors who have no issues with these TPAs and do you know why? It\u2019s because it\u2019s their opinion. My opinion is based on my experience of working with plan sponsors who have needed corrective action after being former clients of these TPAs.<\/p>\n\n\n\n
People like Nickelback, people like Caddyshack II, people liked ruffled shirts and bellbottoms. That\u2019s OK, opinions are fine. Do you disagree with me? That\u2019s fine, but you can\u2019t change my mind, only I can.<\/p>\n
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