A ‘TPA‘ in the retirement plan world is better understood as a third party administrator for a qualified retirement plan. Most TPA’s work with 401k plan, 403b plan, defined benefit, cash balance, as well as, other types of qualified retirement plans. A TPA is generally one-third of the retirement plan team that helps accomplish the plan sponsor’s overall objectives and goals for the qualified plan itself. third-party-administrator

What Does a TPA Do?

Third Party Administrator should not be confused with Plan Administrator. The Plan Sponsor is always the Plan Administrator unless someone else is selected.

Some of the duties of a TPA

  • Design the retirement plan so that it is goal oriented, but compliant with the legal requirements set forth by the DOL and IRS.
  • Re-state and Amend the legal Plan Document
  • Annual compliance testing, such as, discrimination testing
  • Calculating vesting percentages
  • Completing and filing the annual Form 5500
  • Be a proactive consultant partner to the Plan Sponsor
  • Partner well with the other members of the team!

Hiring A Retirement Planning Company

If you are a participant in a Retirement Plan 401k and have a question, please Get in Touch With Us: The Ryding Company, Westlake Village, CA.
The Ryding Company Westlake Office 2659 Townsgate Rd, Westlake Village, CA 91361 (866) 764-9222
The Ryding Company Hawaii Office Phillip Packard Regional Vice President of Sales – Hawaii (808) 585-1510
The Ryding Company Utah Office Ryan Pedroza President – Utah (801) 391-5785
For more information on how we can collaborate with you, please do not hesitate to contact us!