Ten of the Top 401k Third Party Administrators Reviewed

November 20, 2017 By Troy Martin

This post was originally published January 19, 2016 and extensively updated November 20, 2017.

As a top Utah accounting firm and third party administrator of retirement plans, we want to provide a useful resource with a list of top third party administrators 401k in locations outside of the Salt Lake City area. But before we do that, let’s quickly explore what a third party administrator is.

Ten Of The Top TPA Service Providers - 1-1


What is a 401k Plan Third Party Administrator?

TPAs, or Third Party Administrators, help employers manage 401k plans and other employee retirement plans. retirement plan TPA like Cook Martin Poulson will help you with the design and administration of your employee retirement plan, and also help you fulfill your employer tax obligations.

How We Chose the Top Ten TPAs

Your employees and business are unique. And you should find a TPA 401k provider that fits your uniqueness. When putting together our third party administrator rankings, we’ve made sure to only include providers who strive for the same excellence we do.

And the best doesn’t necessarily mean local. Our list includes TPAs from all over the country. So even if you’re not in Utah, you can find the best third party administrator 401k provider for your business.

So without further ado, here are some of the best third party administrators for retirement plans:

Our Top 10 401k Third Party Administrator List


  1. Cook Martin Poulson, PC

Cook Martin Poulson, PC is a top provider of retirement plan third party administration services in Salt Lake City, Utah. We have a proactive approach to retirement plan design and implementation, living by our motto: “We are on purpose, not just on task!”

CMP was established in 1977 and in the almost 40 years we’ve been in business, we have formed numerous long-lasting relationships with clients in the SLC community. We have experience designing and administering the following types of employee retirement plans:

  • 401k Plans
  • New Comparability/Cross-tested
  • Profit Sharing Plans
  • Traditional & Integrated
  • Age-Weighted
  • 403(b) Plans
  • Cash Balance Plans
  • Multi-employer Plans
  • Multiple Employer Plans

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Contact Info:

Salt Lake City office:
2180 South 1300 East, Suite 430
Salt Lake City, UT 84106

Logan office:
632 North Main Street
Logan, UT 84321
Twitter: @TaxHeroes


  1. BMI

Benefits of Missouri, Inc. (BMI) serves nearly 1,000 retirement plan sponsors throughout the US in the small-medium size defined contribution retirement plan market. This third party administrator was founded in 1984, and since then has grown to become a leading independent and privately owned third party administrator.

BMI’s retirement plan administration services include: plan design, recordkeeping, annual compliance testing, government reporting, and takeover of existing plans.

Contact Info:

14323 South Outer Forty, Suite 600-N
Chesterfield, MO 63017


  1. USA Payroll

Rochester, NY-based USA Payroll provides streamlined payroll and 401k TPA services, including retirement plan CPA, consulting, and administration. They also offer HR and insurance services, including FSA administration, workers’ comp, and more. USA Payroll will also see distribution processing, including hardship, terminations, in-service, and age 70 RMDs.

Partners Ralph Fornuto and Jim Williams founded the company in 1994 and currently serve more than 4,000 plan sponsors nationwide.

Contact Info:

2601 Lac De Ville Boulevard
Rochester, NY 14618
(Find contact info for Florida and Georgia offices here.)


  1. America’s 401(K)

Founded in 1988, America’s 401k is a smaller regional TPA located in Dallas/Fort Worth that serves several hundred companies in the North Texas region. This reputable Texas TPA company assists plan sponsors with retirement plan design, document preparation, compliance reporting and government filings, and annual reporting and administration. America’s 401k manages the following types of plans:

  • 401k Plans
  • Safe Harbor Plans
  • Profit Sharing Plans
  • New Comparability Plans
  • ERISA 403(b) Plans
  • Defined Benefit Plans
  • Money Purchase Plans
  • ESOP (Employee Stock Ownership Plans)

Contact Info:

8131 LBJ Freeway, Suite 770
Dallas, Texas 75251

Don't Forget Your eBook:
3 Ways To Ensure Your Employee Retirement Plans are Compliant 

  1. Ascensus

Ascensus is the nation’s largest independent recordkeeper and administrator for retirement plans. The large company provides some services that smaller local TPAs may not offer — such as full-fledged online plan management and multilingual employee education.

Of course, there are also some potential downsides to choosing a TPA that manages roughly 40,000 retirement plans. It’s all about what you feel most comfortable with, and if you want to go with a large, nationwide TPA, Ascensus is a quality choice.

Contact Info:

200 Dryden Road
Dresher, PA 19025
(Find contact info for other locations here.)


  1. Pinnacle Plan Design, LLC

Pinnacle Plan Design is yet another quality third-party administrator for employer-sponsored qualified retirement plans, specializing in retirement plan design, administration, and actuarial consulting. This TPA is based in the Southwest US (Arizona) but serves clients nationwide.

Pinnacle Plan Design exclusively serves closely held businesses, and pride themselves on providing plans that are collaborative and responsive to your needs, with a proactive approach to service.

Contact Info:

Tucson location (main):
1985 E River Rd, Suite 111
Tucson, AZ 85718

Phoenix location:
2201 E Camelback Road, Suite 200
Phoenix, AZ 85016


  1. Third Party Administrators, Inc.

Third Party Administrators, Inc. in New Hampshire offers TPA services including retirement plan management, flexible benefit plan management, administration of these plans, and consulting. With over 100 years of experience in the qualified retirement plan industry, Third Party Administrators, Inc. understands the day-to-day issues that faces your business. They use that familiarity to see the big picture when designing your retirement plans.

This TPA specializes in the administration and testing services of Internal Revenue Code Qualified Group Retirement Plans, and currently administers more than 700 qualified retirement plans for all types of entities in various industries.

Contact Info:

2 Executive Park Drive, Suite 100
Bedford, NH 03110


  1. Nova 401(k) Associates

Nova 401k is a top-notch TPA service provider with multiple offices throughout Texas. This third-party administrator was awarded with two John Hancock Retirement Plan Services Star of Excellence awards in 2014.

Nova offers some nice online features for their clients, including online webinars and an online client portal with plan legal forms, compliance reports, and the ability for plan sponsors to electronically submit their year-end census file and questionnaire online. Their website also has a robust learning center with answers to common questions and educational materials for those interested in TPA services.

Contact Info:

6101 W Courtyard
Building Three, Suite 210
Austin, TX 78730
(More locations here.)


  1. Acuff & Associates

Founded in 1991, Tennessee-based Acuff & Associates has over 25 years of experience in 401k administration and design, pension plan consulting and design, and compliance services. The firm acts as actuaries, consultants, and third-party administers to more than 1,000 clients, managing clients of all sizes in 31 states.

Acuff & Associates prides itself on its oversight of retirement plans, with a commitment to testing and monitoring plan performance, consistent updates to reflect current legislation, and consulting services in the event of mergers, downsizing, acquisitions, and the like.

Contact Info:

210 Westwood Place, Suite 100
Brentwood, TN 37027
(More locations here.)


  1. Bauman, Noonan and Associates

Bauman, Noonan and Associates, retirement plan specialists since 1970, focuses on small business 401k and profit sharing plans. This New Jersey-based TPA offers retirement plan CPA, administration, and consulting services starting at only $375 per year.

Budget-friendly Bauman, Noonan and Associates helps small companies with retirement plan design, ongoing consulting, plan amendments and restatements, record keeping, quarterly participant statements, plan testing, and Form 5500 and 1099-R preparation.

Contact Info:

40 Baldwin Road, Suite 2
Parsippany, NJ 07054


Are You Better Off Using a 401k Third Party Administrator?

A primary question to ask yourself when setting up a 401k is whether or not a third party administrator will be beneficial to you.

In many instances, it is the best option because TPAs have the necessary knowledge to understand how 401k’s should be set up and administered. Furthermore, third party administrators often have many contacts that might get them lower fees, which can be passed onto your employees.

That means that your employees can invest their retirement into high-end mutual funds and other products that might otherwise be unavailable to them. What’s more, TPAs are experts in the field with a proven track record of positive investment results.

Besides, a third party administrator takes the onus of responsibility off you, and can lower your liability as well. In plenty of cases, a TPA is a smart choice.



When it comes to managing your employee retirement plans, it’s crucial that you make the right choice when selecting a third party administrator. After all, your employees work each and every day to fund their retirement so that they have a secure financial future.

When selecting your TPA, it’s key to build a relationship with people that you trust. Any provider on our list of top third party administrators above will serve your needs well. If you still aren’t sure what products or services you need, schedule a consultation today to learn more about how a TPA might serve your company’s short- and long-term goals.


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Troy Martin

Troy Martin

Troy is a shareholder of the firm in the Logan office of Cook Martin Poulson, PC. Troy works as a facilitator for family owned businesses through succession and strategic planning processes.

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