If you have been following along with the ADMIN log, then then IRS Pre-Approved 403(b) Prototype Plan might sound familiar. As experts in the 403(b) marketplace, ADMIN has spent the past few years educating employers and financial advisors on the prototype and what it means for existing 403(b) retirement plans. This initiative by the IRS has tightened the regulations surrounding 403(b) Plans and has made the option of self-administration much ...
PLAN SPONSOR
WHAT OUR CLIENTS ARE SAYING ABOUT ADMIN
It’s been a while since we have shared some client testimonials here on the blog, but we can’t imagine a better way to kick off 2020! Our team is dedicated to providing quality customer service from the moment we are retained as a TPA. Our goal is to personalize the experience that our clients have with our team and to help ease the burdens that come with their retirement plans. We do this by maintaining communication with our Plan Sponsors ...
INDUSTRY INSIGHTS: COMMON REMITTANCE
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 common ...
INDUSTRY INSIGHTS: DATA AGGREGATION
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 ...
HOW TO ESTABLISH 403(b) PLAN
By now you know that ADMIN Partners is an expert when it comes to retirement planning. This is especially true for plans that fall into our niche: the tax-exempt and government marketplace. In this arena of retirement planning, we often work with employers who are in the process of establishing a retirement plan for their organization for the first time. These are commonly referred to as ‘start-up’ plans and while they are a familiar territory ...
ADMIN’S LATEST ENHANCEMENT FOR PLAN SPONSORS
ADMIN Partners is committed to helping our Plan Sponsors save time and energy when it comes retirement plan administration. With this in mind, we have created an enhanced web-based process that gives Sponsors an efficient way to submit their Plan's retirement contributions. As a TPA, we understand the amount of time and effort it takes Sponsors to process retirement plan contributions. Considering this, ADMIN has created a system that allows ...
2019’S UNIVERSAL AVAILABILITY REQUIREMENT
As the end of the 2019 year approaches, ADMIN Partners would like to take this time to remind our 403(b) Plan Sponsors of their Universal Availability requirement and what we can do to help! UNIVERSAL AVAILABILITY Each year, the IRS requires 403(b) retirement Plan Sponsors to notify all eligible employees that the Plan is available for their participation. As we enter the last half of 2019, ADMIN Partners would like to remind our Plan ...
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 ...
AN INSIDE LOOK AT ERISA
In the past 10+ years, ADMIN Partners has worked with hundreds of retirement plans. With this experience in hand, we have been able to help navigate Plan Sponsors around the rules and requirements that come with ERISA. To this day, we continue to receive questions from Sponsors and Advisors regarding what subjects a 403(b) Plan to ERISA and the responsibilities that come with this label. In order to create a better understanding of ERISA, here is ...
WELCOME BACK TO SCHOOL!
It’s that time again! Back to school time which means school staff and students are getting back into the swing of things. Here at ADMIN, we understand how busy this time of year can be for the school’s administration team. With this in mind, we are sending out a reminder that we are here to help! The beginning of a new school year brings a lot of responsibility for school administrators; one being updates to (or the implementation of) the ...
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 ...
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 ...
