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What Is the Difference Between a Record Keeper and a Third Party Administrator?
401kTV
Mar. 13, 2017
"A Third Party Administrator (TPA) is an organization or an individual that processes transactions and/or claims; or certain administrative aspects of employee benefit plans for a separate entity.... [A] record keeper's main function is to track how much you have, where it is, and what type of money it is (salary deferral, tax-deferred, taxable, employer-matched, etc)."
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