Retirement Plans and Third Party Administrators (TPAs)

In this 4-minute video, Andrew Rafal and Brian Hartstein discuss the importance of Third-Party Administrators (TPAs) in retirement plans and the key factors to consider when choosing a TPA. They suggest asking the TPA: 

• What sizes and types of plans they work with
• Their response time on calls and emails
• The cost and fee structure
• Their compliance and security measures
• The training and resources they have to stay current on industry changes

They also address the importance of compliance and security and the need for regular updates and training on legislative changes. Watch the video for all the great tips and information they share!