What is a TPA?
Third-Party Administrator (TPA) - What is a TPA?
Definition – A third-party administrator is an organization that manages many day-to-day and annual aspects of your employee retirement plan. A good TPA helps to keep your retirement plan in compliance with all Internal Revenue Service (IRS) and Department of Labor (DOL) regulations. A good TPA is your best support in maintaining your plan’s compliance!
As a Third-Party Administrator (TPA), the staff of Pension Planning Consultants (PPC) assist the Plan Sponsor (typically the Employer) in fulfilling duties required under both the terms of the plan and governmental agencies. At PPC the administrators and actuaries typically provide services which include, but are not necessarily limited to: