Hiring A 401(k) Plan Provider? Avoid These Mistakes

Ary Rosenbaum - The Rosenbaum Law Firm P.C.
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Many years ago when I was a young ERISA attorney working for a third-party administration (TPA) firm, I left to take a job as an attorney for a union-side law firm. That was a mistake because I joined the union-side law firm just to get away from the job at the TPA. Every decision you make for just the right reasons and as a 401(k) plan sponsor, changing TPAs must be for the right reasons, and often, plan sponsors make a change for the wrong reasons. This article is all about the pitfalls in selecting a new plan provider.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations. Attorney Advertising.

© Ary Rosenbaum - The Rosenbaum Law Firm P.C.

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Ary Rosenbaum - The Rosenbaum Law Firm P.C.
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