The role of the third-party administrator has changed greatly over the last decade. TPAs had to learn to become more efficient and provide more cost reduction than their competition in order to maintain business. Because… Read Moreabout TPAs Risk Drowning Without Efficient Technology
This may sound like common sense but it does in fact need to be noted: according to IRS rules, a plan must operate according to its own plan document’s terms in order to maintain its… Read Moreabout Plan Fiduciaries Must Follow Plan Documents
As a fiduciary, you may do everything by the book in choosing what to invest plan assets in. The investment may be safe, provide proper amounts of returns and not be overly risky. But there’s… Read Moreabout Hidden Fees Can Make Plan Investments Imprudent
An increasing number of 401(k) sponsors and providers of retirement products are seeing lawsuits against them alleging, among other things, excessive plan fees in violation of ERISA and therefore, a breach of the plan fiduciary’s fiduciary duty…. Read Moreabout Excessive Fee Suits Against Plan Fiduciaries Becoming More Popular
Plan fiduciaries have a lot of obstacles to avoid during plan administration to avoid fiduciary breaches, but the most common breach of fiduciary duty is for a plan that has unreasonable fees and expenses. This… Read Moreabout Plan Fiduciaries Must Evaluate Plan Fees
Do you as a third-party administrator wish there was an easy way for you to be able to verify your client’s ERISA fidelity bond coverage when filing the Form 5500? Enter Colonial Surety’s Bond Compliance… Read Moreabout Why Should you get the Bond Compliance Program?
