Episode 49 - 401(k) Plans: What You Need to Know About a Third Party Administrator (TPA) — With Doug Hoefer


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By Larry Heller. Discovered by Player FM and our community — copyright is owned by the publisher, not Player FM, and audio is streamed directly from their servers. Hit the Subscribe button to track updates in Player FM, or paste the feed URL into other podcast apps.

As a business owner, do you understand the core elements of your company’s retirement plan and what a third-party administrator (TPA) can bring to the table?

Today’s guest, Doug Hoefer, is here to answer your questions. Doug has over 20 years of experience in the retirement planning industry and has worked with Larry on several 401(k)s. In this episode, Doug makes sense of TPAs, including what they do and how they bring value to the retirement planning process.

In this episode, you’ll learn:

  • What the function of a TPA is
  • The certification a TPA can obtain
  • The differences between bundled service providers and unbundled service providers
  • How TPAs provide value when designing plans
  • The responsibilities of plan sponsors
  • And more!

Tune in now to learn all about TPAs and how they can enhance your company’s retirement planning!

Resources: Heller Wealth Management | DWC The 401k Experts: (651) 204-2600

59 episodes