When it comes to TPA’s, there are a number of options for Plan Sponsors to choose from. No matter what type of retirement plan you want to administer, there is a TPA out there for you. With this being said, we wanted to take the time to talk more about ADMIN’s unique approach to retirement administration and how ADMIN Partners stands out amongst the rest.
In the past, we have shared a great deal on how ADMIN’s operations vary from other TPA’s. (see more on that here). From our independence to our working relationship with financial advisors, ADMIN Partners has a distinct way in which we support retirement plans. As part of this support, our team of experts use a consultative approach when working with Plan Sponsors to help ensure that their retirement plan is not only benefiting the employees of their organization, but that the plan is also at optimal health.
ADMIN’s Consultative Approach
From the time a retirement plan is simply a prospect of ADMIN, our team works to consider ways in which we can improve the plan’s position and ensure the health of the plan is in top condition. ADMIN’s experts have seen it all: plans that are out of compliance, those not providing the optimum benefits to employees, and even some with costly ERISA issues. Our job is to diagnose these complications and work with Sponsors to recover in a way that works best for the Plan.
This approach stays with us throughout the plan’s life as we work to assist the Sponsor and Participants with their retirement needs. Our consultative approach expands beyond the Sales process and is applied to how we on board/transition plans and even into our daily interaction with our clients. From monitoring plan documents to keeping up with IRS regulated amendments, and even to enhancing day-to-day processes such as contribution administration, ADMIN’s team is constantly working to improve the plan’s administrative needs.
So, what makes ADMIN’s approach to plan administration different than the rest?
It’s our personalized experience with each one of our clients. No matter how big or small or how complex the plan design, we are here to service plans in a way that fits their needs. We consult with Sponsors throughout the life of their Plan to ensure the retirement plan is always in impeccable health!
To learn more about ADMIN Partners and how we support our clients, contact us at [email protected] or at 877-484-4400.