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Did You Know the other “Unbundled” service provider arrangement?

The third service provider arrangement is also unbundled, where the Recordkeeper (one who provides online access and quarterly statements) is also the TPA (one responsible for testing and Form 5500). The Custodian (holder of the assets) and the investment advisor are usually separate entities. The great things about this arrangement are the use of experts, there is no data duplication since the Recordkeeper and TPA are the same, and you get to leverage a low-cost Custodian. The negative is that you need to make sure these groups understand each other and work well together.

Which arrangement is best for you and your company: fully bundled, Custodian is also the Recordkeeper, or the TPA is also the Recordkeeper? Give us a call, and we’ll go over your specific needs to find you the best fit!

CATEGORY
All News Blog & Articles
Deductions Limits
Innovations
MVP of the Month
Newsletter
Uncategorized
Let's Talk!

If you have questions about what you’re reading, we’ve got you covered. Use our Contact Us form or call:
1-866-687-6877.