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 ...
(b)INFORMED
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 ...
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 ...
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 ...
PLAN SPONSOR RESPONSIBILITY – PART TWO
Over the years, our Sales Team has received a number of questions from potential clients. However, one of the most common questions they have received is ‘why use a TPA?’ This question comes from prospects of all sizes and designs, but it is especially received by smaller organizations who want a 403(b), but have a concern when it comes to costs. To respond, we often counter these prospects with a question of our own: ‘What level of ...
PLAN SPONSOR RESPONSIBILITY – PART ONE
Over the years, our Sales Team has received a number of questions from potential clients. However, one of the most common questions they have received is ‘why use a TPA?’ This question comes from prospects of all sizes and designs, but it is especially received by smaller organizations who want a 403(b), but have a concern when it comes to costs. To respond, we often counter these prospects with a question of our own: ‘What level of ...
NTSA’S ALL-NEW CRES CERTIFICATION FOR FINANCIAL ADVISORS
The National Tax-deferred Savings Association (NTSA) has recently released a new certification for Financial Advisors helping Plan Sponsors and Plan Participants within public school districts. CRES (Certified Retirement Education Specialist) qualifies Advisors who want to teach retirement education to their clients. The certification ensures both the Advisor and the District are up to date on regulatory changes within the industry and are ...
401(k) VERSUS 403(b)
For those working in the world of retirement planning, the differences between a 401(k) and a 403(b) Plan are obvious. However, there are many people outside of the financial services industry who are less aware of what each plan type means and who qualifies for these different retirement plan options. While the two plan types are similar in how they operate (for instance, both have the same contribution limits), there are some differences in the ...
THREE REASONS TEACHERS SHOULD BE UTILIZING THEIR 403(b) PLAN
It’s more important than ever to start saving for retirement early in life; this is especially the case for teachers. From shaky grounds on pension payouts to salary restraints, teachers are being encouraged more and more to take their retirement planning in their own hands. To help better examine the importance of educators utilizing their 403(b) plan options, we are sharing three reasons teachers benefit from investing in their ...
ADMIN’S YEAR IN REVIEW
2018 was a year for the books for ADMIN Partners! From expanding our presence on social media to hosting seminars for some of the top Financial Advisors in the industry, we had an exciting year from start to finish. Below is a look at ADMIN’s successful 2018 and a glimpse at what is to come in the New Year! Thank you to everyone who supported us throughout 2018. We cannot wait to work through 2019 with you by our side! ...
ADMIN’S FAQ SERIES: PART THREE
Here at ADMIN, we receive a generous number of questions from a variety of people within the retirement planning industry. Whether its financial advisors looking for education on upcoming regulation changes or potential clients trying to learn more about who we are, the demand is there and we are always willing to help. For some time now, we have considered creating a FAQ for our blog, which we thought could be used as a reference for some of ...
FREE EBOOK: THE ALL NEW IRS 403(b) PRE-APPROVED PLAN QUICK GUIDE
ADMIN Partners is committed to continuously providing up-to-date educational material for all of our clients working within the retirement planning community. Our goal is to ensure that Plan Sponsors & their Financial Advisors are informed about important regulatory updates that impact them and their retirement plans. With this in mind, ADMIN Partners has created an all new series of eBooks to help our clients stay informed with the evolving ...
