Retirement Plan Parties

A Collaborative Effort

Third-Party Administrator: Pinnacle Plan Design

XYZ 401(k) Retirement Plan pie graph showing each involved party representing a third of the whole

The third-party administrator (TPA) is responsible for ensuring a retirement plan stays in compliance with all federal laws. A TPA is highly knowledgeable and experienced in retirement plan legislation and regulations.

Responsibilities
  • Designs the plan to achieve company goals
  • Drafts and manages the plan document
  • Performs employer contribution calculations
  • Ensures plan operations are consistent with the plan document
  • Completes all mandatory IRS testing
  • Prepares and files all necessary government required forms

Financial Advisor

XYZ 401(k) Retirement Plan pie graph showing each involved party representing a third of the whole

Your financial advisor is your consultant who is knowledgeable, sophisticated and astute to the many complex aspects of retirement plans and retirement investing. The advisor ensures that the plan is highly effective for the client and its participants.

Responsibilities
  • Auditing and benchmarking providers, including TPA and Recordkeeper
  • Investment research, guidance and monitoring
  • Plan sponsor and participant education
  • Fiduciary guidance and support

Custodian

XYZ 401(k) Retirement Plan pie graph showing each involved party representing a third of the whole

The custodian is the financial institution that securely holds the plan assets.

Recordkeeper
  • Platform with menu of investment options
  • Value of participant accounts tracked daily
  • Participants receive quarterly statements

—OR—

Brokerage Account(s)
  • One pooled trustee-directed account or separate participant-directed accounts
  • Participants receive detailed statements from TPA annually

Contact Us

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Pinnacle Plan Design is a third-party administrator (TPA) for employer-sponsored qualified retirement plans. We specialize in retirement plan design, administration and actuarial consulting. Pinnacle has a local presence in Tucson and Phoenix, Arizona (AZ), as well as Houston, Texas (TX) and Columbus, Ohio (OH), and we proudly serve businesses nationwide.

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