A Leading Retirement Plan Third Party Administrator (TPA)

We have supported U.S. employers with 401(k), Defined Benefit Pension, Profit Sharing, and other retirement plans since 1978. As a full service third party administrator (TPA) Spectrum Pension Consultants ensures all of your retirement plan design, administration, and compliance needs are addressed. Don't take our word for it, check out our workplace retirement plan statistics and see for yourself.

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Spectrum Pension Consultants Third Party Administrator

A-to-Z Annual Plan Administration

Managing workplace retirement plans since 1978 has taught us a thing or two. ERISA is complicated, and the multitude of compliance rules can be burdensome for employers. That is why Spectrum's Consultants try to make everything a hassle-free client experience. We provide complete annual plan administration and compliance, culminating with an e-signature ready Form 5500. Don't worry - we've got this.

Data Requisition Data Requisition
Analysis and Compliance Analysis,
Contributions, &
Trust Accounting Trust Accounting
and Reporting
  • Retirement Plan Financial Reports
  • Consulting Ideas
  • Signature Ready Form 5500
Deliverables & Form 5500

Working with Employers as Their Third Party Administrator (TPA)

As your Retirement Plan Third Party Administrator (TPA), Spectrum Pension Consultants manages your retirement plan's day-to-day operations. Our Consultants work with you to develop your initial retirement plan design. As your organization changes, Spectrum Pension Consultants also helps to re-design your retirement plan. We recommend appropriate solutions to resolve any compliance issues. Our Consultants prepare your retirement plan government forms so they are signature-ready, helping to assure timely filing. Contact us today and spend less time running your retirement plan and more time running your business.

Your Typical Retirement Plan Service Team

Adviser/Broker/Financial Consultant

Select plan investments. Prepares investment policies. Often manages service provider relationships. Supports new employee enrollment.


Sponsors the plan. Provides census, demographic, and payroll data to plan providers. Deposits contributions to the plan. Approves benefit distributions.

Recordkeeper/Financial Institution

Maintains participant account balances. Manages plan app and web platforms. Processes investment buy/sell orders. Tracks plan cash flows.

Third Party Administrator (TPA)

Manages day-to-day plan operations and compliance. Reconciles plan financial activity. Prepares government forms and reporting. Supports plan design.

Selecting a Retirement Plan Third Party Administrator (TPA)

The right Retirement Plan Third Party Administrator (TPA) can make a big difference on how much time employers spend their retirement plans. Like any professional organization, TPA Firms can vary significantly in aptitude, capabilities, experience, and technology resources.

What to Ask a Prospective Third Party Administrator (TPA)

What is the average number of retirement plans serviced by your administrators?

Clients need proactive support with their retirement plans. Some Retirement Plan TPA Firms will assign an unreasonable volume of work to professional staff members. This can degrade service quality all clients. Client service inquiries may take longer to resolve.

How can I lower my retirement plan administrative costs?

Managing a plan's operating costs is a concern to most employers. Often, employers can make small changes to plan design or their operations to reduce retirement plan administrative costs. A good TPA Firm can recommend plan design and operational improvements to reduce administrative costs.

How do I securely submit census, demographic, and payroll data to you?

TPA Firms need sensitive data to manage plan compliance and prepare reports. In spite of this need, cybersecurity threats are real. These threats can create major problems for employers and their workers. Employers should insist their retirement plan Third Party Administrator (TPA) only supports secure methods of accepting sensitive data.

A good TPA should also have a data stewardship process for handling sensitive client data internally. Some TPAs may conduct Service Organization Control (SOC) Audits. SOC Audits are performed on service organizations by CPA Firms. SOC Audits test a variety of internal process controls for financial reporting and risk management.

What is the professional biography for my assigned principal contact?

ERISA Retirement Plans can be very complicated. Experienced, knowledgeable, and professionally qualified plan administrators are often better equipped to support employers. Asking this question can also help to assure an employer's retirement plan account is not simply assigned to the call center. Afterall, if the costs are identical, would employers rather have plans administered by a professionally qualified industry expert, or an entry-level person reading from a script?