As a plan fiduciary, I still can\u2019t believe it. A Third Party Administrator (TPA) we terminated was trying to hold us up for valuations and a Form 5500 we paid for, as part of, annual administration. It was $80,000.<\/p>\n
We were staying with the same custodian and the old TPA thought we would blink and pay the ransom. We didn\u2019t and had the successor TPA do the work. It\u2019s been 4 years now, and I still don\u2019t know what the Department of Labor did to this TPA, as part of my complaint.<\/p>\n
If you\u2019re owed money, there is always an incentive not to do the work they need. You can fail to provide the valuation or Form 5500 that they need to squeeze what they owe you, but they can certainly go somewhere including the new TPA to do the work and you will be out of luck.<\/p>\n
Leverage isn\u2019t what it used to be.<\/p>\n
<\/span><\/p>","protected":false},"excerpt":{"rendered":" As a plan fiduciary, I still can\u2019t believe it. A Third Party Administrator (TPA) we terminated was trying to hold us up for valuations and a Form 5500 we paid for, as part of, annual administration. It was $80,000. We … Continue reading