What To Look For In A Third Party Administrator

Utilizing a 401(k) Rollover Plan, also known as ROBS, for your new business/franchise or working capital funding source, continues to be a popular option for many entrepreneurs, making choosing the right third party administrator (TPA) incredibly important.

Here are some questions you need to ask:

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?

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.