General
What Is a TPA and Why Does Your Plan Need One?
Published February 28, 2026 by NBS Team
A Third Party Administrator (TPA) is an independent company that handles the administrative tasks of employer-sponsored benefit and retirement plans.
What Does a TPA Do?
TPAs handle plan design, compliance testing, government filings, participant communications, claims processing, and more. They serve as the operational backbone of your benefit program.
Why Not Do It In-House?
Benefits administration involves complex IRS regulations, strict filing deadlines, and detailed compliance testing. A specialized TPA like NBS has the expertise, technology, and staff to do it right — and the certifications to prove it.
NBS Certifications
NBS maintains SOC 1 Type II, SOC 2 Type II, and CEFEX-ASPPA certifications — the highest standards in the TPA industry.