In Practice October 31, 2013

ASPire Turns Focus to TPA Network

An expanded third-party administrator (TPA) network is in the works for ASPire Financial Services LLC.
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ASPire said it will offer TPA partners an array of plan tools, training and improved market visibility. Currently the firm works with a network of about 220 TPA partners.

ASPire’s TPA network partners can compete for leadership membership status—a rank that provides access to first-to-market Web microsites, market plans and training.

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Leadership status also gives TPAs priority listing on InvestDesign Center, ASPire’s business intelligence portal, which allows retirement plan advisers to locate TPAs geographically. Leadership positions are based on partnership engagement levels, according to a statement from the company.

For more information on ASPire’s efforts to build out its TPA network, visit www.aspireonline.com.

In Practice October 31, 2013

Ameritas Targets Independent TPAs

The Ameritas Life Insurance Corp. hopes to onboard independent third-party administrators (TPAs) through a new sales program offering exclusive territories and support tools.
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The Ameritas Affinity TPA Program aims to merge the small-business knowledge of independent TPAs with the firm’s adviser support and service delivery resources, said Dave Schlageter, who manages TPA relationships for Ameritas’ retirement plan division.

TPA clients joining the program gain access to a suite of support tools that can streamline service delivery and compliance efforts while driving business development functions.  The following is a list of features available to independent TPAs under the Amertias program:

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  • A robust investment platform and a linked interface for exchanging plan information and reports
  • Educational materials and online enrollment features
  • Fiduciary and Department of Labor fee disclosure compliance tools
  • Access to the SunGard Omni recordkeeping system
  • An online system for submitting plan census and deposit information
  • A customized annual plan review module

 

In terms of lead generation and business development activities, the program also includes tools and promotional activities to increase TPA’s visibility among financial professionals and businesses in a particular market.

TPAs and consumers looking for more information on the TPA sales program can visit www.ameritas.com.

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