The "Benefit Counselors" Provision in 403(b) TPA Contract
403b.substack.com
Recently I came across a contract between a 403(b) Compliance TPA and a school district in California that had an interesting provision: "The "XXX XXXXX" (name of TPA), through its licensed financial professionals ("Benefit Counselors"), will assist Plan Participants regarding their rights, benefits or elections under the 403(b) annuity arrangement upon reasonable request of the Employer. The "XXX XXXXX" may, as part of its Administrator duties, limit access to Plan Participants to those Benefits Counselors who meet its qualifications including professional licensing and adherence to a Professional Code of Conduct."
The "Benefit Counselors" Provision in 403(b) TPA Contract
The "Benefit Counselors" Provision in 403(b…
The "Benefit Counselors" Provision in 403(b) TPA Contract
Recently I came across a contract between a 403(b) Compliance TPA and a school district in California that had an interesting provision: "The "XXX XXXXX" (name of TPA), through its licensed financial professionals ("Benefit Counselors"), will assist Plan Participants regarding their rights, benefits or elections under the 403(b) annuity arrangement upon reasonable request of the Employer. The "XXX XXXXX" may, as part of its Administrator duties, limit access to Plan Participants to those Benefits Counselors who meet its qualifications including professional licensing and adherence to a Professional Code of Conduct."