If you have followed along on the ADMIN Partners blog, it’s likely that you have heard us use language specific to the retirement planning industry. However, we realize that not all of our audience is an expert when it comes to the retirement market. With that in mind, we wanted to share some insights on terms that you might hear us, as well as other retirement firms, toss around in conversation. This week we are exploring data ...
401K
6 REASONS TO INVEST IN A RETIREMENT PLAN
Have you heard? It’s National Retirement Security Week (NRSW) and ADMIN Partners is celebrating this national event by spending the week promoting the benefits of saving for your future retirement. Each year, the NRSW is an opportunity for those working in financial services to bring awareness to others about the importance behind planning for a comfortable retirement. To do this, ADMIN will be sharing six different reasons that you should be ...
6 REASONS TO INVEST IN A RETIREMENT PLAN
Have you heard? It’s National Retirement Security Week (NRSW) and ADMIN Partners is celebrating this national event by spending the week promoting the benefits of saving for your future retirement. Each year, the NRSW is an opportunity for those working in financial services to bring awareness to others about the importance behind planning for a comfortable retirement. To do this, ADMIN will be sharing six different reasons that you should be ...
ADMIN’S UNIQUE CONSULTATIVE APPROACH
When it comes to TPA’s, there are a number of options for Plan Sponsors to choose from. No matter what type of retirement plan you want to administer, there is a TPA out there for you. With this being said, we wanted to take the time to talk more about ADMIN’s unique approach to retirement administration and how ADMIN Partners stands out amongst the rest. In the past, we have shared a great deal on how ADMIN’s operations vary from other ...
ADMIN’S FOCUS: SAVING PLAN SPONSORS TIME PT2
One of the things that makes ADMIN Partners unique as a TPA is that we work with a specific selection of clients. Being in the tax-exempt and government markets, we are working with a number of organizations that have a strong focus/mission. From public schools to non-profits, our clients are concentrated on helping others. This means they often have little time (and sometimes limited budgets) to source an employee just for administration ...
ADMIN’S FOCUS: SAVING PLAN SPONSORS TIME
One of the things that makes ADMIN Partners unique as a TPA is that we work with a specific selection of clients. Being in the tax-exempt and government markets, we are working with a number of organizations that have a strong focus/mission. From public schools to non-profits, our clients are concentrated on helping others. This means they often have little time (and sometimes limited budgets) to source an employee just for administration of ...
A DYNAMIC DUO: TPA’S + FINANCIAL ADVISORS
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 ...
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 ...
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 ...
