Why Agencies Need a TPA to Help Set Up Retirement Plans, with Serena Morse

April 10, 2024

Episode 67:

Serena Morse, CPC, QPA, QKC, QKA, is Co-Owner and CEO of Carpenter Morse Group, a non producing third-party administrator that has provided administrative compliance services for qualified retirement plans nationally for over 45 years. Serena has been a leading consultant and educator in this area of study for over 20 years. She has earned several respected credentials from the American Society of Pension Professionals & Actuaries (ASPPA), including the Qualified Pension Administrator designation (QPA), Qualified 401(k) Consultant (QKC), Qualified 401 k Administrator designation (QKA), and the highest awarded designation from ASPPA, the Certified Pension Consultant or CPC designation. She is a proud Alumni of the University of Florida Warrington College of Business.

In this week’s episode, Serena breaks down tax-qualified retirement plans, the new benefits available to business owners under certain plans, and why agency owners should work with a TPA (third-party administrator) to set them up.

Under the new tax code, business owners are entitled to a breadth of tax credits for contributing to their employees’ retirement plans, but the regulations are complicated. To fully understand who is eligible, the exemptions, credits, limits, etc., finding a TPA like Serena who is qualified to advise you on these new retirement plan benefits is essential.

What you will learn in this episode:

  • What is a TPA, and how does it differ from a CPA?
  • What are tax-qualified plans, and how do they work?
  • What every business owner should know when setting up a new plan
  • Tax credits available under new plans
  • Who is eligible for the new tax credits
  • The compliance pitfalls business owners face when setting up tax-qualified plans
  • Using your TPA to help stay on top of deadlines

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