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3(16) Administration—Make the Path Simple

We hear a lot of conversations among clients and advisors debating the value of a 3(16) Plan Administrator. A 3(16) Plan Administrator is the fiduciary who manages the day-to-day administration of a retirement plan, not only performing traditional Third Party Administrator (TPA) services, but accepting…

4th Quarter 2016 Economic & Market Review

…U.S. election); steady energy price; and record level U.S. stock markets. Q3 GDP was reported as 3.5%, higher than both its prior estimate (3.2%) and the 1.4% number of Q2. The U.S. economy added an average of 176,000 jobs each month in Q4 and the…

Understanding the Importance of BOLI Third Party Administration

…our bank clients understand the significant benefits of having a separate BOLI administrator and BOLI service provider – something that is a critical component when considering vendor risk management and regulatory oversight in this space. The Office of the Comptroller of the Currency (OCC) —…

3rd Quarter 2016 Economic & Market Review

Global Environment and the Federal Reserve The U.K vote to exit the European Union (otherwise known as “Brexit”) on June 23rd, fueled a July rally for global equities, after an initial and acute sell-off near the end of Q2. U.S. investors, digesting the potential implications…

Fumbling the Fiduciary Ball

…the situation — and it cost them $100,000. According to Pentegra’s National Director, Third Party Administrator (TPA) Markets David Barrer: “When this happens, and it’s more often than you would think, the employer has excluded people that cannot be excluded, or has excluded non-participating but…

You Get What You Pay For

…where a Third Party Administrator (TPA’s) responsibility begins – and where it ends – is critical. Hiring a TPA can be an expensive proposition, especially for smaller companies, who understandably are looking to save money where they can. But some companies offering 3(16) TPA services…

What 401(k) RESA Legislation Means for MEPs and PEPs

…DOL and accept named fiduciary and 3(16) administrator status in writing. What, therefore, is your business model? Option 1: charge a pittance to keep it cheap; Option 2: do a thorough, professional job, and charge enough to make that possible. People often misunderstand the advantages…

The “Definitive” List of Best States to Retire In

…state in question. Coming up with a “definitive” list, as I semi-facetiously headlined this blog, is nigh impossible, given the number of variables and individual facts and circumstances at play. Google “Best states to retire in,” and see that Bankrate.com , Kiplinger and Investment News…

Your TPA Partner Can Help You Win Business

Your TPA Partner Can Help You Win Business When it comes to the administration of retirement plans, most TPAs can execute the work pretty competently. And while there are differences in quality of process and internal expertise, most of this is technical work that happens…

Five Key Concerns for Retirement Plans in 2020

…did last year), health savings account contributions and others are now being examined by employers big and small, conservative and not-so-conservative. Think about re-evaluating your 401(k) plan design this year to determine if it is meeting the expectations and needs of your participants – and

The Federal Government May Be Getting Serious About Retirement – Finally

…the quality and transparency of investors’ relationships with investment advisers and broker-dealers. Under the SEC’s proposed “Regulation Best Interest,” a broker-dealer would be required to act in the best interest of a customer when making a recommendation of any securities transaction or investment strategy involving…