• What does “TPA” stand for?

TPA stands for Third Party Administrator. Typically the Plan Sponsor will hold the official title of “Plan Administrator” and outsource most of the responsibilities of being the Administrator to a third party.

• Why do I need a TPA for my retirement plan?

A TPA provides the basic compliance and administration services necessary for your retirement plan to maintain its qualified status. These services include plan design, plan documents, plan amendments, annual compliance testing, annual return Form 5500, etc. All of these services are required when maintaining a qualified plan such as a 401(k) or Profit Sharing plan.

• How much do Trinity’s services cost?

Trinity is a fee for service firm. This means our fees are not based on plan assets, rather we use total participant count, plan design, and investment structure as our primary filters in determining price. Further, as part of Trinity’s OPEN retirement plan, we provide full disclosure of any revenue sharing we may receive from the investment provider in connection with your plan. In addition, this indirect compensation is then used to offset your future base administration costs. For a plan specific quote, please contact a Trinity Pension Consultants sales representative.

•  Is Trinity an “independent” TPA?

Yes, Trinity is an independent TPA. This means we are not exclusive to any one investment provider, recordkeeper, or advisory firm.

•  What Investment Companies can Trinity work with?

Trinity can work with nearly any investment company and any financial advisor. While some investment arrangements are more common than others, our independence allows you to have the flexibility of choosing the best investment structure for your plan.

•  Is Trinity a “non-producing” TPA?

Yes, Trinity is a non-producing TPA. This means we do not provide competing investment advisory services; and we do not sell investments or insurance of any type and are not licensed to do so.

•  Does Trinity have an Actuary on staff?

Yes, Trinity has an Actuary – Will Wilson, FSA, EA, MAAA. Will has over 25 years of experience working with retirement plans ranging from 1 to over 50,000 participants. Will works to help manage our growing Cash Balance practice as well as serving as on-site sales support for Financial Advisors with defined benefit plans. Will is a Fellow of the Society of Actuaries, an Enrolled Actuary and a Member of the American Academy of Actuaries.

•  What designations do Trinity’s employees hold?

We encourage our employees to constantly continue their growth and knowledge in the retirement plan industry. We are members of the American Society of Pension Professionals & Actuaries (ASPPA) and our professionals have attained the following designations
                      -Qualified 401(k) Administrator (QKA)
                      -Qualified Pension Consultant (QPC)
                      -Certified Pension Consultant (CPC)