Service Provider Agreement Negotiation for Qualified Retirement Plans

Summary

This practice note addresses common issues that arise when negotiating qualified retirement plan service provider agreements on behalf of plan sponsors. During the life of a qualified retirement plan, the plan sponsor will engage a host of service providers to assist with the administration of the plan, including third-party administrators, investment advisors, attorneys, accountants, actuaries, auditors, consultants, and others. A comprehensive service provider agreement is essential to protect the interests of the plan sponsor and participants.