Ever feel overwhelmed by the idea of managing a retirement plan that not only fits the needs of your organization, but one that also benefits all your employees? You are not alone! Many employers, specifically in the tax-exempt community, experience this same feeling. Lucky for you, full service TPA’s like ADMIN Partners, LLC. exist for this exact reason. To further explain why a plan needs a full-service TPA, we decided to create a series that ...
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WHY YOU SHOULDN’T SELF-ADMINISTER YOUR 403(b) PLAN
Earlier this week, ADMIN shared a brief discussion on the new 403(b) Prototype Document. The conversation brought up the hot topic of whether the new regulations by the IRS make it harder for Plan Sponsors to self-administer their 403(b) Plans. If you ask us, the answer is yes. Here is why self-administration may not be the right option for you. Since 2008, the IRS has been putting rules and regulations in place that have made it harder ...
LET’S TALK: THE 403(b) PROTOTYPE DOCUMENT
For years, the IRS talked about the idea of a pre-approved plan document for 403(b) Plans. Well, the talking has stopped and now things are in action. A deadline date of March 31, 2020 has been set for the pre- approved 403(b) plan document and Plan Sponsors need to ensure their plans are prepared. With the quickly approaching deadline in mind, ADMIN wants to take a moment to quickly talk about the 403(b) Prototype Document. Prior to 2008, ...
UNDERSTANDING UNIVERSAL AVAILABILITY (UA)
Earlier this week we talked a little bit about Universal Availability and how understanding UA can benefit a Plan Sponsor in managing their Plan. We wanted to expand on that discussion and go more in depth on the topic. Here is a broader look at Universal Availability. UA is a rule under the IRS that requires employers to let employees make elective deferrals (if they wish to do so) within the company’s 403(b) plan. The idea behind the rule is ...
WHY ALL PLAN SPONSORS SHOULD (b)INFORMED – PART THREE
ADMIN Partners is committed to creating educational opportunities for both our existing and potential clients. We understand that by educating our clients, we create a stronger relationship with them and they in turn, are more successful at maintaining their retirement plan. The benefits of having an informed Plan Sponsor is extraordinary when it comes to effective plan management. This is why ADMIN Partners decided to create a three-part series ...
FIVE BUSINESS PODCASTS YOU SHOULD LISTEN TO
Podcasts are a simple way to take in both education and inspiration while on the go. Whether you have a long commute to work or need something to keep you entertained on the treadmill, a podcast is a great way to kill time. Almost all podcasts are free and they are hosted on a slew of platforms. They have also become a leading form of marketing for businesses in various industries. Simply put, there is a podcast for everything so no matter what ...
WHY ALL PLAN SPONSORS SHOULD (b)INFORMED – PART TWO
ADMIN Partners is committed to creating educational opportunities for both our existing and potential clients. We understand that by educating our clients, we create a stronger relationship with them and they in turn, are more successful at maintaining their retirement plan. The benefits of having an informed Plan Sponsor is extraordinary when it comes to effective plan management. This is why ADMIN Partners decided to create a three-part series ...
STARTING WITH THE ‘WHY’
When it comes to business, we often hear things like: ‘This is what we are selling’ or ‘This is how we do things.’ Companies from all over the World in all different industries talk about what they are doing and how they are doing things. While ADMIN Partners has a focus on the What and How, a majority of our attention is spent on the Why. So, the real question we want you to ask us is: Why are we in our business? Unlike other firms, ADMIN ...
ADMIN’S CUSTOMER SERVICE WINS
ADMIN Partners is dedicated to providing quality customer service to all our clients. Our goal is to personalize the experience that clients have with our staff. We do this by maintaining consistent communication and ensuring that everyone knows they can always reach us. Recently our Client Service Representative, Shelby Middleman showed a client of ours what dependable customer service is all about. By following through and going the extra ...
WHY ALL PLAN SPONSORS SHOULD (b)INFORMED – PART ONE
ADMIN Partners is committed to creating educational opportunities for both our existing and potential clients. We understand that by educating our clients, we create a stronger relationship with them and they in turn, are more successful at maintaining their retirement plan. The benefits of having an informed Plan Sponsor is extraordinary when it comes to effective plan management. This is why ADMIN Partners decided to create a three-part series ...
