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401(k) Third Party Administrator vs. Advisors: Key Differences
ForUsAll Link to more items from this source
Nov. 27, 2017

"Outside of TPA/administrative work, an advisor may take on other responsibilities for your plan, such as: [1] Assuming fiduciary liability ... [2] Providing participant education ... [3] Monitoring eligibility for participants;[4] Making plan design recommendations; [5] Conducting investment reviews; [6] Updating the investment lineup; [7] Signing your form 5500; [8] Performing compliance checks; [9] Advising on alternative savings methods."

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