Tri-State Plan Administration, Inc. was founded in 1987 to provide exceptional retirement plan administration to meet the needs of small and medium-sized employers. These companies have been at the heart of our mission ever since, motivating us to design and administer custom plans that help businesses and their employees effectively save for retirement. At Tri-State Plan Administration we celebrate that every business is unique and understand that their reasons for establishing a retirement plan vary – as do their workforce demographics, product, service, and business cycle.
No matter your size, industry, business model, or ownership structure we help you to craft, implement and maintain a plan that fits your specific needs. As your business grows and changes, we continually work with you to reassess your plan and make sure it continues to meet your needs. We execute the often tedious day-to-day operations of retirement plan administration so you can focus on your business. TPA will be your partner on your company’s journey to retirement success.
Plans administered include but are not limited to: 401(k) plans (including those with Safe Harbor and Roth provisions), Defined Benefit Plans, Profit Sharing Plans, and plans with special provisions such as cross-testing or age-weighted allocation formulas.
Your company’s retirement plan can be as unique as your business. Define what a successful retirement plan looks like and TPA can help you to design a customized plan that meets your needs. Over time, we review your plan so we can make design recommendations that suit your company wherever your are on your journey to retirement success.
We work with you, in conjunction with your other advisors, to communicate the plan to your employees and to establish the procedures to operate it properly. Plan sponsors may delegate much of the plan’s administrative tasks by engaging more than one service provider, such as ERISA counsel, financial advisers, accountants – or all of the above.