In England, British breweries own many of the top beer pubs because watering holes are an effective means of beer distribution. If a business can control the method of distribution of their products, they can expand the distribution while saving a couple of shekels by avoiding having to pay a third party to distribute. It’s why movie studios own cable channels and streaming services. In the 401(k) retirement plan space, the top mutual fund companies and insurance companies offered bundled retirement plan services where they serve as the plan’s custodian, third-party administrator, and a top choice of plan investments. Bundled 401(k) services offered by a mutual fund company or insurance company can be a great fit for some plans, but not all, and there are some issues that retirement plan sponsors should consider when considering a bundled TPA.