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Differences Between Plan Administrators, Third-Party Plan Administrators, and Recordkeepers

Differences Between Plan Administrators, Third-Party Plan Administrators, and Recordkeepers

by Jeff Chang | Mar 15, 2022 | 401(a), Governmental Benefits, Plan Administration, Record-keeping

Sponsors of governmental retirement plans seem to be hiring, firing, or transitioning to new third-party administrators (TPAs) or recordkeepers all the time. The differing roles, duties and legal responsibilities of plan administrators, TPAs, and recordkeepers need to...
Improving Administrative Service Agreements For Public Agency Retirement Plans

Improving Administrative Service Agreements For Public Agency Retirement Plans

by Jeff Chang | Apr 14, 2021 | Plan Administration, Record-keeping

Although many of our municipal and special district clients have sophisticated contracting and RFP departments, they often do not have balanced and well-negotiated administrative service agreements (ASAs) with their 401(a) and 457(b) recordkeepers. This is due in part...

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