401k Plan Sponsor Considers Re-Hiring a TPA After Going Bundled. There is great debate for smaller and mid-sized 401k and 403b plans about whether to “bundle” their services, meaning the record keeper does the work of a TPA (third party administrator) in-house, or to go “unbundled” employing an independent TPA.
A 401k plan sponsor with just over 100 associates explains why she is thinking of re-hiring a TPA.
And even though she uses Vanguard target date funds, which is supposed to be the ultimate safe choice, she plans to review the fund to make sure her participants are properly diversified.
