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Retirement Plan › Third Party Administrators › Form 5500

Ary Rosenbaum - The Rosenbaum Law Firm P.C.

You don’t have as much leverage as you think

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

As a plan fiduciary, I still can’t believe it. A Third Party Administrator (TPA) we terminated was trying to hold us up for valuations and a Form 5500 we paid for, as part of, annual administration. It was $80,000....more

Ary Rosenbaum - The Rosenbaum Law Firm P.C.

How does it happen? It does/

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

Part of my job is fixing errors made by plan sponsors and their plan providers. Despite what the top payroll providers who also serve as third-party administrators (TPA) may say, a good part of that job is fixing the errors...more

Ary Rosenbaum - The Rosenbaum Law Firm P.C.

It doesn’t matter when you get paid, do your job

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

There is a growing problem that I’ve seen dealing with plan providers (usually third party administrators (TPAs) who get paid for an entire plan year’s work, get terminated and refuse to complete the end of the year work...more

Ary Rosenbaum - The Rosenbaum Law Firm P.C.

It’s amazing how bad administration can be

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

Most administration conducted by third-party administrators (TPAs) is quite good, but the juicy and scary stories are about the terrible TPAs and the havoc they create....more

Ary Rosenbaum - The Rosenbaum Law Firm P.C.

The problem with plan investments and audits

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

Retirement plans with more than 100 participants require a CPA audit for their Form 5500. However, small plans with less than 100 participants may sometimes require an audit. This often happens when more than 5% of the Plan’s...more

Ary Rosenbaum - The Rosenbaum Law Firm P.C.

Just another TPA error

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

Retirement plans with more than 100 participants require a CPA audit for their Form 5500. However, small plans with less than 100 participants may sometimes require an audit. This often happens when more than 5% of the Plan’s...more

Ary Rosenbaum - The Rosenbaum Law Firm P.C.

Retirement Plan Advisors Advantage - December 2018

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

Challenges In 2019 For 401(k) Plan Providers. It's always a challenge. Being a retirement plan provider is very challenging and every year presents a new challenge. The retirement plan industry is always in flux and...more

Ary Rosenbaum - The Rosenbaum Law Firm P.C.

What all good 401(k) plans have

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

There are so many articles for plan sponsors (I’ve written quite a few) where they go on and on about what plan sponsors need for a successful 401(k) plan. Rather than go into a whole diatribe, here is a Reader’s Digest of...more

Ary Rosenbaum - The Rosenbaum Law Firm P.C.

Sure it’s the employer’s fault, but come on now

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

With plan administration, there are so many mistakes that can be made and most of the time, it’s the fault of the plan sponsor and the third party administrator (TPA). However, there are many times were the error so explicit,...more

Ary Rosenbaum - The Rosenbaum Law Firm P.C.

The Rosenbaum Law Firm Review - March 2018

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

That Fiduciary Warranty Is Not Worth The Paper it's Printed On. They are pretty much worthless. A 401(k) plan sponsor is also a plan fiduciary and they have the responsibility to prudently run their plan. One major...more

Ary Rosenbaum - The Rosenbaum Law Firm P.C.

10 Concepts That Every Retirement Plan Sponsor Should Know

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

Unless they are involved in the retirement plan industry a plan sponsor must delegate much of their duties to retirement plan providers that may include third party administrators (TPAs), financial advisors, and ERISA...more

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