Fiduciary Services
Streamline operations, ease administrative tasks, and focus on your core business.
Streamline operations, ease administrative tasks, and focus on your core business.
At The TPA Experts we offer fiduciary service options that relieve employers of timely administrative tasks and fiduciary responsibilities, allowing them to streamline operations and focus on their core business.
Fiduciary Form 5500 Sign and File:
We assume fiduciary responsibility for the preparation, signing, and filing of your Form 5500, ensuring compliance and accuracy. This includes Form 8955-SSA to report separated participants with vested benefits and Form 5330 for excise taxes related to your plan, if applicable.
Annual ERISA Fidelity Bond:
We will obtain the DOL required fidelity bond to protect the plan against fraud and monitor/increase coverage as required.
Certification of QDROs:
We certify Qualified Domestic Relations Orders (QDROs) to ensure they meet all necessary requirements. Our normal QDRO distribution fee still applies.
Document Maintenance:
We provide comprehensive support for all required plan document restatements, and also both government-required, and discretionary amendments. By including this service, we help you avoid additional cost typically associated with these updates, ensuring your plan documents are always up to date and compliant. (Note: We are not a fiduciary concerning document maintenance service).
Fiduciary Form 5500 Sign and File:
We assume fiduciary responsibility for the preparation, signing, and filing of your Form 5500, ensuring compliance and accuracy. This includes Form 8955-SSA to report separated participants with vested benefits and Form 5330 for excise taxes related to your plan, if applicable.