Scuba 401 Posted August 25, 2010 Posted August 25, 2010 does anyone see a problem with this type of situation. An RIA fiduciary service provider who is also acting as TPA to the plan also offers RIA services to terminated participants with respect to their IRA rollovers. The fee charged to the participant is always the same fee rate that the participant's assets were being charged for TPA services prior to the participant receiving a distribution.
J Simmons Posted September 13, 2010 Posted September 13, 2010 does anyone see a problem with this type of situation. An RIA fiduciary service provider who is also acting as TPA to the plan also offers RIA services to terminated participants with respect to their IRA rollovers. The fee charged to the participant is always the same fee rate that the participant's assets were being charged for TPA services prior to the participant receiving a distribution. The key word is offers. I see no problem as long as it is made clear in the 402f notice and otherwise that the EE may choose an IRA as to which you are the RIA or any other IRA for his or her rollover. John Simmons johnsimmonslaw@gmail.com Note to Readers: For you, I'm a stranger posting on a bulletin board. Posts here should not be given the same weight as personalized advice from a professional who knows or can learn all the facts of your situation.
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