How do I find a good Third Party Administrator?

We're looking to start a 401K plan with a profit sharing component for our small business. It was recommended that we use a third party administrator rather than a fund (e.g. fidelity).
But how do we find a reputable and good third party administrator to design our plan? And is it important that they're geographically near our offices (we have offices in San Francisco and Denver)?

6 years ago - 1 answers

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Ask your CPA. Get a couple of different rates. They are usually managed by CPAs.

6 years ago