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…
How does an advisor benefit from partnering with a CEFEX-certified TPA? And why is it important? Listen in to find out more….
What does it mean for a Third Party Administrator to be…
TPA & 3(16) Solutions Pentegra offers a comprehensive array of Third Party Administrative (TPA) Services. We offer clients the bench strength of a tenured and professionally credentialed team. Our expert team of ERISA attorneys, ASPPA-certified consultants and compliance specialists serves thousands of complex retirement plans…
…SECURE 2.0 increases the RMD age further to 75 starting on January 1, 2033. The new age applies to participants attaining age 74 after December 31, 2032. Keep in mind, as well, that some plan designs, pursuant to Treasury Regulations, allow participants who 1) continue…
For over 50 years, the Defined Benefit (DB) pension plans have served as the cornerstone to an employer’s retirement program. In fact, during the 80’s and 90’s most plans were overfunded, allowing employers to maintain these plans with little to no out of pocket contributions….
On July 27, 2020 the Senate Republicans rolled out their Health, Economic Assistance, Liability Protection and Schools (HEALS) Act, which would be another $1 trillion relief package for a nation still reeling from the COVID-19 pandemic. What does it do for retirement policy? Not much,…
…Minimum Distribution age has been increased to age 73 beginning on January 1, 2023 and age 75 starting on January 1, 2033. 2. Employee Certification of Hardship Distribution Conditions Participants may self-certify that they have met the qualifications for a hardship withdrawal. This significantly lessens…
…and one provider as recordkeeper, TPA, investment manager and custodian. Investment offerings are usually limited, and service delivery reflects the choices and qualities of the provider who may or may not be a leader in all facets of retirement plan work. When we partner with…
…responsible for overseeing the performance of service providers to the plan. So, not only do many employers not realize that they are a fiduciary to the plan, many don’t have the knowledge or experience to properly perform in this capacity. That’s why some expert TPAs…
…the right words so clients feel like they have a true partner. For example, discuss how and when you partner with attorneys, CPAs, and TPAs and recordkeepers to bring best-in-class service. Communicate how you proactively look for opportunities to optimize participation. Demonstrate how you and…
…working to implement the changes that are required for recordkeeping and third-party administrator (TPA) firms. Please note, however, that in order to implement those changes, certain processes, procedures and controls need to change. Paperwork and sign-off statements need modification. Programming changes also need to be…