Third Party Administrator
What does a TPA do?
A Third Party Administrator (TPA) is an independent firm that handles the day-to-day administration of employer benefit and retirement plans. This includes plan design consultation, document preparation, employee enrollment, claims processing, compliance testing, IRS reporting, and ongoing regulatory guidance.
NBS has been providing this service since 1986, growing to over 370 employees administering 6,000+ plans for 20,000+ employers in all 50 states. Every client gets a dedicated Account Manager and access to our online portals, toll-free support, and NBS Debit Card programs.
Retirement — Private Sector
Full plan administration for 401(k), Solo(k), Profit Sharing, Cash Balance, Defined Benefit, ESOP, MEP, PEP, ERISA 403(b), Money Purchase, and Pension plans — including plan design, compliance testing, Form 5500 filing, and 3(16) fiduciary support.
Retirement — Gov & Nonprofit
Specialized administration for government employers, public schools, churches, and tax-exempt organizations — Non-ERISA 403(b), 403(b)(9), 457(b), 457(f), 457 FICA Alternative, 457 Top Hat, and 401(a) plans.
Health & Welfare
Pre-tax benefit plans including HSA, HRA, FSA, DCAP, LFSA, Lifestyle Accounts, QSEHRA, IC-HRA, WRAP Plans, and POP — reducing payroll taxes for employers while giving employees tax-advantaged ways to pay for healthcare, dependent care, and commuting.
COBRA
End-to-end COBRA administration covering qualifying event processing, election tracking, premium collection, and compliance management.
