Because ERISA trumps most state laws that relate to employee benefit plans, both pension and welfare, the question was whether Maine’s law required employers to provide a benefit that would be subject to ERISA.
Although many firms offer TPA services to retirement plans, not all offer the same quality of services due to the nature of their business. One major example of this is payroll providers.
Understanding fees for a 401(k) plan can be a daunting task. How can you determine what is reasonable?