Industry Analysis & Industry Trends
During the five years to 2011, third-party administration has exhibited strong growth, largely due to expanding enrollments in health and welfare programs and large gains in pension fund inflows, assets and accounts. This increased operational burden forced many companies to outsource the administration of their employee benefit programs and pension plans to reduce.... purchase to read more
Industry Report - Industry Analysis Chapter
Firms in the Third Party Administration of Pension Funds industry provide administration services to retirement plans (included in IBISWorld report 52511, Retirement and Pension Plans) on a fee basis, which helps employers limit total costs for sponsoring retirement plans and maximize employee retirement benefit outcomes. While retirement plan administration services vary widely across the industry, the industry generally provides tax and legal compliance services to retirement plans, consulting services to plan sponsors (employers) and educational services to plan participants. Different services and associated fees are ultimately determined through negotiations between plan sponsors and service providers based on the plan sponsor's needs... purchase to read more