Cut Through the Clutter: Get competing quotes from 401(k) providers now.
Work with one of the larger, national pension TPA companies
You've probably seen insurance companies advertising their retirement plan services on TV. With a large company you get experience and expertise. However, you may also end up with a larger bill for plan administration.
Choose specialized retirement administrators
Some companies work solely in Third Party Administration. With one of these smaller companies, you often have more options in selecting a 401(k) provider.
Look for Third Party Administrators who do business in your state
The Internet makes it easy to locate a list of Third Party Administrators which are licensed in your state. You can do a quick comparison online and then call only those companies that offer the services you need.
- Once your Third Party Administrator has all the paperwork for your plan, you should ask your company attorney to review all documents.
- Don't think 401k TPA is only for large companies. Many retirement plan administrators work with companies with as few as 25 employees.