Recorded November 19, 2015
Pension administration has its own set of responsibilities for the plan, but our role is often confused with that of the investment advisor, or the company that provides recordkeeping for the plan because those companies are more visible to the plan participants.
The company that sponsors a retirement plan is called the Plan Administrator. At Benefit Resources we provide Third Party Administration (TPA) services to help the company with the administration of their plan. It doesn’t matter if the plan is a traditional Defined Benefit pension plan, or a 401(k) plan, 403(b) plan or profit sharing plan – all retirement/pension plans need administration services.
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