Advisor Tools & Resources
Investment DueDiligence Reports
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As a Plan Sponsor I Know I'm a Fiduciary
and therefore Personally Liable
So I'm Going to Pick the Cheapest TPA
Aren't They All The Same?
No! They are not the same!
Elite TPAs have a significantly higher Client Satisfaction Rating, Client Retention Rate as well as Sales Closing Ratio.
Retirement Plan Advisors and their Plan sponsor clients are better off with the enhanced services that an Elite TPA brings.
If you are considering a Bundled plan please contact me so I can demonstrate the advantages of an Elite TPA - advantages that do not have to cost more!
Average ELITE TPA Statistics
Assets Under Administration
Elite TPA Success Stories
$145 MILLION PEO
This plan was formerly at a large bundled provider and had a cookie cutter plan design that did not fit the needs of the rapidly growing PEO. There was a single set of plan options and vesting schedule and the PEO HR staff were burdened with a significant amount of administrative tasks that they felt should be handled by the current record-keeper.
The plan moved record-keepers and hired an Elite TPA after an extensive interview process. The Elite TPA provided multiple plan design and vesting options for the PEO clients while still maintaining a structured and scale-able platform.
In addition the Elite TPA provided division codes for each PEO sub-entity allowing for testing of each sub-group. With over 900 separate companies and 12,000+ participants this was a plan that was to much of a challenge for a bundled provider.
$30 Million Hedge Fund Plan
This successful NYC hedge fund had a very generous retirement plan for their employees that also offered the hedge funds mid cap fund as an investment option in the plan. The problem was that the med-cap option was only available contributions or withdrawals in a 10-day window every quarter. The firm wanted this fund to be daily valued like every other investment in the plan.
Enter the Elite TPA who undertook this complex challenge by engaging a well known custodian who was also the custodian for the hedge fund. After setting up various trading links and agreements between the hedge fund, the custodian and the record-keeper the Elite TPA was able to provide a daily exchanged option for the hedge fund where it's fund was on the daily trading platform like all other mutual funds.
This was an example of a challenging out-of-the-box situation where the scale and expertise of the Elite TPA was essential in providing a solution to the plan sponsor and their advisor. The advisor had been actively looking for a solution for over a year before being recommended to the Elite TPA by a DCIO wholesaler who knew of their expertise.