I once worked at a third-party administrator (TPA) that I joked that if you wanted to hide something from one of our plan administrators, you should put it in the plan document file (based on a Chris Rock joke).<\/p>\n\n\n\n
It\u2019s amazing how plan providers and their plan sponsor clients don\u2019t know what\u2019s in the plan document and that\u2019s even when the plan has an index (as my Relius documents have). Taking a look at the terms of the plan document and matching up with what\u2019s being done with the plan, goes a long way in curbing the potential of administrative errors. It\u2019s a tedious process, but something that even if done annually, can avoid a lot of headaches later.<\/p>\n
<\/span><\/p>","protected":false},"excerpt":{"rendered":" I once worked at a third-party administrator (TPA) that I joked that if you wanted to hide something from one of our plan administrators, you should put it in the plan document file (based on a Chris Rock joke). It\u2019s … Continue reading