When it comes to retirement planning, Financial Advisors and TPA firms have spent years working against each other. This was the result of Third Part Companies venturing into the world of investments leaving Advisors to feel like they had a new army of competition. While it’s true that some TPA’s have joined the ranks of selling investments to employer-sponsored retirement plans, other TPA’s, such as ADMIN Partners, have decided to take a ...
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THE ONCE IN, ALWAYS IN RULE
2019 has brought a number of changes to retirement plan rules. From legislative changes made to financial hardships, to an increase in annual contribution limits, there have been changes to retirement plans impacting both Plan Sponsors and Plan Participants. Along with these changes comes a new IRS guidance regarding the eligibility provisions for 403(b) Plans. The new guidance is specific to Plans that include an elective deferral ...
TEN QUOTES THAT WILL INCREASE YOUR PRODUCTIVITY
ADMIN Partners has a reputation on social media for motivating other people. Whether it be personal development or inspiration in the workplace, our content will have you bursting with ambition. We wanted to bring some of this same enthusiasm into the blog by sharing ten quotes that will boost your productivity. Each quote was designed for you to save and share with your own audience so, don't be shy! Download your favorite quotes from the list ...
2019 HARDSHIP REGULATION UPDATES
Effective January this year (2019) the regulations surrounding hardship withdrawals from retirement plans changed. These updates impact the participants of the Plans allowing the withdrawal option, as well as the Plan Sponsors maintaining contributions for their Plans. While these updates were widely published by the IRS, we wanted to breakdown the information for our clients to ensure they are up to speed. The causality loss provision (a ...
MONTHLY BOOK REVIEW: THE LATTE FACTOR
Working in the retirement industry, we often spend a lot of time talking about saving money. If you ask us, it’s something that is not talked about enough. In fact, the significance of saving money for your later years is usually overlooked. With a tough economy and high expenses, people tend find themselves focusing more on getting by each day versus planning for the years ahead. This is something that ADMIN understands and can sympathize with; ...
ADMIN’S (FREE) PLAN CONSULTATION SERVICE
We have talked before on importance of using a full-service TPA. While the term ‘full-service’ can mean different things to different TPA firms, to ADMIN it means providing a range of services that meet the needs of an organization with transparency around costs. One aspect of our services that you don’t see commonly discussed is ADMIN’s free plan consultation. ADMIN Partners does business with the understanding that not every TPA is a good ...
THE 2019 SPRING VASBO/SASBO CONFERENCE
ADMIN’s National Sales Manager, Greg Verna, recently traveled to Virginia to attend the 2019 Spring VASBO/SASBO Conference. During his time there, Greg was able to catch up with many of the school districts who currently use AMDIN Partners for their TPA services. He also took some time to interact with school officials who, while they are not currently clients, can utilize ADMIN’s services to help them with their retirement plan administration ...
FIVE TED TALKS ON DEVELOPMENT
If you follow the ADMIN Partners blog, then you know how passionate we are about personal development. The ADMIN team believes that who you are outside of work can have a direct impact on how you are inside the workplace. This is why we encourage others to focus on both personal and professional development. To support this idea, we recently went on the hunt for some groundbreaking TEDTalks all around development. Whether you are trying to ...
PRESENTATIONS vs. CONVERSATIONS
Like with most businesses, ADMIN Partners is invited to speak at an array of events within the retirement planning industry. Whether it be to educate financial advisors on regulatory updates or talking to Plan Sponsors about how to more effectively manage their retirement plans, ADMIN’s team is well versed in hosting presentations. The thing about presentations is that they can often be mundane and it is very easy for an audience to lose ...
MONTHLY BOOK REVIEW: FIRST, BREAK ALL THE RULES
When looking for a book to read in March, the ADMIN team stumbled around a bit. However, when we saw the title of this book, it immediately grabbed us and made us dive in. In business, there are a lot of rules that can be pushed on people to find success or propelled at managers who want to lead better. Now, we are not here to say that all rules are bad, but we are interested in what happens when people break these rules and try something ...
