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:
“Convent. A place of retirement for women who wish for leisure to meditate upon the sin of idleness.”
—Ambrose Bierce (1842–1914)
“Architect. One who drafts a plan of your house, and plans a draft of your money.”
—Ambrose Bierce (1842–1914)