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TPA Critical to 401k plans during Mergers and Acquisitions

TPA Critical to 401k plans during Mergers and Acquisitions

Alison Cohen, Esq., a partner and compliance guru at Ferenczy Benefits Law Center, an Atlanta firm focusing on the practical issues affecting retirement plans, discusses how third-party administrators (TPAs) can be critical when organizations acquire or merge with others.

In one case, because the TPA was brought in early, senior executives from the acquired company avoided significant penalties on outstanding loans.

In another case, when the TPA was not included early, extra time and money were spent to clean up a toxic plan that could have been avoided.

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401k advisors contribute to the overall success of a 401k retirement plan.  At the conclusion of The Plan Sponsor University (TPSU) Fiduciary Education Program held on location at University of Chicago, Fred Barstein, Founder of The Plan Sponsor University (TPSU), ...