TriStar is 20!

We can’t believe it – we’re turning 20!  TriStar was established in January, 1999. From our humble beginnings serving a small number of Oklahoma businesses to our nearly 300 plans spanning seven states and 100,000 participants, our mission has never changed. We are passionate about helping Americans save for retirement. Over the last 20 years,…

Bundled or Unbundled: That Is the Question

Employers have a choice when building their company retirement plan and choosing service providers who will help them manage the plan.  Excluding those services provided by a financial advisor, the choice is either to “bundle” the plan document, plan administration, reporting, and investments with one provider or to “unbundle” those services with at least two…

TPAs & Financial Advisors are Natural Partners

Local Third Party Administration firms (TPAs) and financial advisors are natural partners in the employer retirement plan marketplace. They bring complementary skills to the partnership and a shared vision of service to their employer and employee clients. Local TPAs and financial advisors: Are passionate professionals who together enhance the probability of their clients achieving their…

Late or Missing Deposits

Timing is everything. You’ve no doubt heard this phrase, but it holds especially true when it comes to depositing employee deferrals into your 401(k) plan. Depositing each employee’s salary deferral into their 401(k) plan account may seem like a small piece of the 401(k) puzzle, but failing to meet the deadlines for depositing the contributions,…

Missing the Match

401(k) Plan Match = Major Incentive   One key plan design aspect of 401(k) plans and a significant draw for employees and employers alike is the ability of the plan sponsor (employer) to include matching contributions in the plan. Not only does the match incentivize employees to participate in the plan, it also increases overall contributions in participant accounts. Furthermore,…

Qualified Retirement Plan Audits – What Your TPA Needs to Know

ERISA (the Employee Retirement Income Security Act of 1974) requires qualified retirement plans with 100 or more eligible participants (AKA – large plans) on the first day of the plan year to undergo an independent audit of their financial statements annually. While some fancy footwork on your compliance consultant’s part may help you avoid or…

Why You Need to Get to WiRC!

Inaugural Event for Women in Retirement June 10 through June 12, 2018, the all-new ARA Women in Retirement Conference (WiRC) will be held in Burlington, VT at the Hilton hotel. This conference will be a gathering of some of the best, brightest and most innovative women business owners and managers in the retirement plan service…

Tibble vs. Edison: Next Steps for Plan Sponsors, Part 2

Over 10 years after the initial filing of the Tibble vs. Edison suit, a new ruling has emerged. In 2015, we wrote a blog post about what the suit could mean for plan sponsors going forward. In 2017, the U.S. District Court for the Central District of California sided with the plaintiffs in the Tibble vs. Edison…

What Makes the 401(k) So Popular?

  What Makes 401(k) Plans So Popular? The answer to this question could be summarized with one word…flexibility. The 401(k) plan has been one of the most popular forms of qualified retirement plans because it offers a robust set of customizable features and elements to benefit the company sponsoring the plan and its employees. Flexibility…