PROspectives

During Annual Administration, firms are faced with their most obvious threat to their cyber security; the census data.   As TPAs, you know that the data that you possess contains all the necessary information desired by hackers to destroy a person’s financial...

Karen Smith and Arasely Valdez Cyber security caught a sleepy industry by surprise. A few years ago, TPAs across the country were scrambling to understand cyber trends and ensure that the way business was always conducted (via email and telephone) was not contributing...

Many third party administrators (TPAs) are in the throes of the second defined benefit restatement cycle. Admittedly, it is a struggle to keep up with all the paperwork and moving parts of the process. Not for The Weiss Group, Inc., doing business as TWG Benefits,...

Haskel and Adam Weiss Innovation is a word that can be thrown around too often, but every once in a while it is used to describe something or someone that is truly on the cutting edge. Haskel and Adam Weiss at The Weiss Group, Inc. (dba TWG Benefits, Inc.) fit that...

Millennials were infamous for driving the issue of a remote workforce. There were endless stories of 20-something professionals who worked via laptops from the Santa Monica pier while sipping exotic drinks in blissful sunshine. This trend is set to continue as the...

Tref Farmer, Shareholder The founders of Farmer and Betts met while in college and created a thriving business in the three states that they live and work in; Washington, Oregon, and Colorado. Now, through a national sales force, their business is growing from...

Last Thursday at ABC TPA firm… Owner: “We’ve brought on 60 new plans so far this year. We are going to have to hire a new administrator and redistribute the caseloads. The number of plans per administrator is getting really large.”HR Specialist: “Got it. So, what is...

Jill Williams, QPA, QKA Most TPAs operate as a practice; groups of administrators have their clients and they service them the way that they always have. Over the last 10 years, competition and fee compression has signaled a change in the industry. With TPA Division...

No longer the sole responsibility of the IT Department, cyber security is now part of the lexicon of every company in every industry.   The most advanced systems and processes can be thwarted by an employee clicking on what they thought was a harmless meeting...

Paul Perry Paul Perry is a man on a mission. As the leader of Warren Averett’s Risk and Controls division, he is involved in assessing, preventing, and remediating their clients’ cyber security challenges. Perry has spent significant time with small and large TPA...

If you are a seasoned TPA, this month’s PensionPro will certainly elicit some nostalgia.   ABG Retirement Plan Services is a dynamic firm that has been in business for fifty years! Just think about that for a minute. For an industry that typically equates its...

With over three hundred TPA and actuarial firms on PensionPro, we are fortunate to have the opportunity to work through operational issues with our clients.   Surprisingly, it appears business owners and managers today are facing similar operational challenges...