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Business Best Practices: Not Your Ordinary TPA (Part 3) (PDF)
Simoneaux & Stroud Consulting Services
Jan. 14, 2014 "Many TPAs and TPA/recordkeepers advertise that they provide boutique, hands-on service. However, as fees get compressed in a cost 'race to the bottom,' providing this level of service for all plans becomes unprofitable and ultimately unsustainable.... Service providers can also identify additional products and services valued by their advisors and clients and charge for those special offerings. First of all, the fees should be reasonable and competitive for the services provided." MORE >> |
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