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Differences Between Plan Administrators, Third-Party Plan Administrators, and Recordkeepers

Differences Between Plan Administrators, Third-Party Plan Administrators, and Recordkeepers

by Jeff Chang | Mar 15, 2022 | 401(a), Governmental Benefits, Plan Administration, Record Keeping

Sponsors of governmental retirement plans seem to be hiring, firing, or transitioning to new third-party administrators (TPAs) or recordkeepers all the time. The differing roles, duties and legal responsibilities of plan administrators, TPAs, and recordkeepers need to...

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