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:
“Douglas. Now remains a sweet reversion—
We may boldly spend, upon the hope
Of what is to come in.
A comfort of retirement lives in this.
Hotspur. A rendezvous, a home to fly unto.”
—William Shakespeare (1564–1616)
“Make your plans for the year in the spring, and your plans for the day early in the morning.”
—Chinese proverb.