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)
“When I heard at the close of the day how my name had been receiv’d
with plaudits in the capitol, still it was not a happy night for me
that follow’d,
And else when I carous’d, or when my plans were accomplish’d,
still I was not happy,
But the day when I rose at dawn from the bed of perfect health,
refresh’d, singing, inhaling the ripe breath of autumn,”
—Walt Whitman (1819–1892)