Retirement Plans
Retirement plans such as a 401(k) are often partly managed by an investment company. Instead of handling all the plan contributions by employees, distributions to employees, and other aspects of plan processing, the investment company may contract with a third party administrator to handle much of the administrative work and only handle the remaining investment work.
Read more about this topic: Third-party Administrator
Famous quotes containing the words retirement and/or plans:
“He who comes into Assemblies only to gratifie his Curiosity, and not to make a Figure, enjoys the Pleasures of Retirement in a[n] ...exquisite Degree.”
—Richard Steele (1672–1729)
“In order to become spoiled ... a child has to be able to want things as well as need them. He has to be able to see himself as a being who is separate from everyone else.... A baby is none of these things. He feels a need and he expresses it. He is not intellectually capable of working out involved plans and ideas like “Can I make her give me...?” “If I make enough fuss he will...?” “They let me do ... yesterday and I want to do it again today so I’ll....””
—Penelope Leach (20th century)