
ANSWER: With respect to a solo 401k, the TPA has similar roles to that of the Trustee (i.e., among other items, has the authority to sign distribution requests and investment directives).
Thanks John, CPA in Wisconsin
![]() QUESTION: My client is asking about a third party administrator which I have not heard of before. Have any of your clients had to ask for this before? ANSWER: With respect to a solo 401k, the TPA has similar roles to that of the Trustee (i.e., among other items, has the authority to sign distribution requests and investment directives). Thanks John, CPA in Wisconsin
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AuthorMark Nolan has been active in the 401k and IRA industry for over 18 years. Working as a 401k administrator at Nationwide Insurance Company; then working as a Compliance Officer and Manager at self-directed IRA/401k custodian companies such as Trust Administration Services Corporation (now owned by Equity Trust Company), to IRA Services Trust company. Mark is currently the Compliance Manager at MySolo401k.Net. Archives
July 2020
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