About 32% of the third-party administrators (TPAs) that run small and midsize defined contribution retirement plans expanded their client base between 2009 and 2010.
Analysts at Cerulli Associates Inc., Boston, published that finding in a summary of results from a poll of TPAs serving small and midsize plans.
The analysts found that 32% of the TPAs in that sector of the market increased the number of employers they served from 1% to 5% last year.
But the analysts also found that about 25% of the TPAs saw the number of employers they serve stay the same or up to 5%.
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Other Cerulli findings: