Did You Know “Bundled” services is just one type of provider arrangement?
You have a few choices when it comes to provider arrangements. One type is to use a fully bundled financial services firm to provide all services (payroll, compliance, advisory, etc.). On the plus side, this allows all services to be provided in a one-stop shopping manner and can lead to cost reduction. Some of the negatives are that there will be multiple points-of-contact, so this option is not always simpler. If you want to replace one of the services the provider offers, you need to replace all of them, and you will likely not have a single source for quality services in a number of different areas.
MVP is an independent third-party administrator. We can help you decide which is a better fit for your needs. Give us a shout, and let’s discuss all options.