You’ve decided that 2019 is the year you start your own business and you’re planning to utilize a 401(k) Rollover Plan to help fund it. What’s next? Choosing a Third-Party Administrator (TPA).
As you consider your options and interview providers, here are some questions you need to ask:
Experience
How many plans has the company assisted with development and implementation of
a new 401(k) plan? How many years have they been in business? What is the level
of expertise of the personnel of the company?
Professional Relationships
Which lenders, financial
advisors and business professionals (such as attorneys and CPAs) have
professional relationships with the TPA? Does the company have testimonials or
validation of their efforts form their current clients they will share with
you?
Administration
How is the administration of the new 401(k) plan handled – outsourced or in-house by the plan developer? Answers to all of the above question are thoroughly explained by Tenet Financial Group online at www.tenetfinancialgroup.com. Tenet Financial Group currently provides in-house 401(k) plan administration to thousands of customers, has more than eight decades of combined funding experience and has a deep network of professional relationships available for referral in lending, legal, financial management and other business industries. You can read more about the team from Tenet Financial Group at this link.
Or, connect with Tenet Financial Group today to learn more about 401(k)/ROBS funding by reaching out via email or phone: info@tenetfinancialgroup.com or 1-888-901-3335, x. 9. We’re ready to put our expertise to work for you!