As a TPA, we are considering offering daily recording in addition to balance forward. We would prefer to outsource the daily valuation, 800 # and quarterly statements and retain the document and othe compliance work. Anyone know of a vendor providing this service? Thanks.

There are now a large number of financial institutions that provide what you are looking for - Nationwide, Manulife, Kemper, Franklin Templeton, American Funds, MFS, Hartford, Aetna, and American Skandia.

These all provide for daily val, online access, quarterly statements, 800#, etc.

Your job would be to focus on plan design, document prep, form 5500 tax filing, testing, vesting, eligibility, etc.

Some of the firms listed are insurance carriers with group annuity contracts and others are straight mutual funds. They are all similar in how they operate from a TPA viewpoint.

Are there any vendors providing the service not also selling mutual funds? We are looking for a daily product independent of proprietary mutual funds without setting up the daily infrastructure ourselves.

I knew of one a couple of years ago and it went belly-up.

Who would pay for the infrastructure if the third party vendor was not selling funds or wanting to be in the TPA "biz" like us?

If a plan sponsor had to pay the vendor, the TPA, and the fund company it seems it would get expensive.

All of the firms listed earier provide the daily val platform at no or low cost because they have the investment dollars.

Maybe I am not properly understanding your question.............

You understand the question. Thanks.

If you are interested, I used to work for a firm that does what you are looking for. Please send me an e-mail and I will reply to you that way, I do not wish (for personal reasons) to put this info up on the bulletin board.

There are several firms that provide "back-office" daily recordkeeping for TPA firms, other than the bundled providers listed above. I would be happy to provide you with a list if you'll send me an e-mail at carol@cjrconsulting.com.

Our firm does daily valuation recordkeeping for a number of clients without doing the documents, taetsing, forms, etc. If you are interested in any information, please email me at fedpen@att.net

RPG Consultants (www.rpgny.com) offers recordkeeping services unbundled from their TPA business.

www.wiss.com

We use a firm that does this for us. And in the 3 years we have been working with them, it has been great. If you are a Relius shop, it works even better since they are on Relius. They have added alot of tools that can also help with trust accounting on your balance forward plans and electronic census gathering for those plans. If you would like more information, send me an email at tbrown@mvpension.com. I'll get you in touch with them.

Tim

BFDS maybe? www.bfds.com

I would be very intersted in your list. Thank you in advance, Mike

You responded to a post that is about 9 years old ...

Are you looking for TPA services?

Wow - That's older than my clunker car :-)

I may be intested in acquiring such a firm. Just trying to see what the competion is like these days. I know there has been great consolidation in the DV business.

I have a DV client that may be interested in talking with you. You can contact me at sarah.simoneaux@scs-consultants.com. Looking forward to hearing from you--