PensionPro Posted September 5, 2013 Report Share Posted September 5, 2013 Our firm has been approached by a governmental entity to provide TPA services to their money purchase plan. Curious as to what type of services TPAs provide for governmental plans other than documents, distribution, rollover and compliance assistance? And do most governmental plans use TPAs? PensionPro, CPC, TGPC Link to comment Share on other sites More sharing options...
david rigby Posted September 5, 2013 Report Share Posted September 5, 2013 Does the governmental entity know what types of services they want? I'm a retirement actuary. Nothing about my comments is intended or should be construed as investment, tax, legal or accounting advice. Occasionally, but not all the time, it might be reasonable to interpret my comments as actuarial or consulting advice. Link to comment Share on other sites More sharing options...
PensionPro Posted September 5, 2013 Author Report Share Posted September 5, 2013 I am more interested in the two questions in the original post. Anyone familiar with these situations? Thanks for any help! PensionPro, CPC, TGPC Link to comment Share on other sites More sharing options...
Jim Chad Posted September 6, 2013 Report Share Posted September 6, 2013 I think that a government plan would have everything except testing and 5500. Can anyone think of something I am missing? Link to comment Share on other sites More sharing options...
PainPA Posted September 9, 2013 Report Share Posted September 9, 2013 Some states have their own version of a 5500 that they might be asking you to complete. Also usually a 457(b) is part of the retirement plan(s). Link to comment Share on other sites More sharing options...
PensionPro Posted September 9, 2013 Author Report Share Posted September 9, 2013 You are correct, they do also have a 457(b) plan. I am not familiar with the state-level filing requirement. What would be a good place to obtain additional information on that subject? Thank you! PensionPro, CPC, TGPC Link to comment Share on other sites More sharing options...
PainPA Posted September 9, 2013 Report Share Posted September 9, 2013 I would probably just ask the governmental entity. Some states do not have anything. I guess I was just advising you to make sure you state the service in your agreement to ensure payment. Link to comment Share on other sites More sharing options...
PensionPro Posted September 9, 2013 Author Report Share Posted September 9, 2013 Thanks for your helpful responses. I will check it out. PensionPro, CPC, TGPC Link to comment Share on other sites More sharing options...
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