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 ...
PLAN SPONSOR
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 ...
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 ...
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 ...
UTILIZING ADMIN’S SERVICE: PART TWO
We believe that ADMIN Partners goes above and beyond when servicing our clients; however, we know that not everyone knows exactly what that means. Understanding the work that we do for our clients gives a better perspective on why it is essential to bring in a TPA for your retirement plan. With this in mind, we want to give some additional insight into how our clients utilize our services to better the compliance and administration of their plan. ...
UTILIZING ADMIN’S SERVICES: PART ONE
We believe that ADMIN Partners goes above and beyond when servicing our clients; however, we know that not everyone knows exactly what that means. Understanding the work that we do for our clients gives a better perspective on why it is essential to bring in a TPA for your retirement plan. With this in mind, we want to give some additional insight into how our clients utilize our services to better the compliance and administration of their plan. ...
HOW ADVISORS BENEFIT FROM WORKING WITH A TPA
Earlier this week we opened up Advisor Week on the blog by sharing a little background on the relationships that ADMIN Partners has with financial advisors. In today’s post we want to expand on that insight by looking at the benefits advisors receive when teaming up with a TPA, like ADMIN. From education on the administration of a plan to assistance in the sales process, a TPA can provide a slew of advantages to the advisor. Here is a look into ...
IRS AUDIT HOT BUTTONS: PART TWO
The threat of an IRS audit can often send a Plan Sponsor into panic mode. This is especially the case for plans in the tax-exempt and government markets. For years these types of retirement plans went without many guidelines and were able to stay ‘under the radar.’ However, in the past 10 years a lot has changed for these retirement plans. New regulations from the IRS (including the upcoming 2020 deadline for the pre-approved prototype document) ...
IRS AUDIT HOT BUTTONS: PART ONE
The threat of an IRS audit can often send a Plan Sponsor into panic mode. This is especially the case for plans in the tax-exempt and government markets. For years these types of retirement plans went without many guidelines and were able to stay ‘under the radar.’ However, in the past 10 years a lot has changed for these retirement plans. New regulations from the IRS (including the upcoming 2020 deadline for the pre-approved prototype document) ...
WHO ARE OUR CLIENTS: PLAN SPONSORS & PARTICIPANTS
This week is ADMIN’s Client Appreciation Week! We wanted to dedicate a week to the clients who make it possible for ADMIN Partners to manage the retirement plan administration for over 700 plans. Something that sets ADMIN apart is that we have more than just one type of client. In fact, our list of clients falls into three different categories: Investment Firms, Financial Advisors, and Plan Sponsors/Participants. These groups all contribute to ...
