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  • Writer's pictureSamantha Diggs

What is a CEFEX-Certified TPA? The RPCSI Difference.

Choosing a retirement plan administrator is not an easy task; after all, these are the individuals helping you and your employees prepare for their futures. While location, experience, and expertise play into the decision, another differentiator that many third-party administrators do not possess is the CEFEX certification. A CEFEX Certified TPA offers a wealth of benefits for your organization, but what does this mean exactly? Let’s discuss.

CEFEX Certification Explained

The Centre of Fiduciary Excellence (CEFEX) is an independent organization based in Pittsburgh, Pennsylvania that assesses and audits financial companies. While CEFEX is based in the United States, they adhere to the Global Fiduciary Standard of Excellence. Working with a CEFEX certified TPA means we adhere to the CEFEX Standard of Practice for Retirement Plan Service Providers. These standards represent the best practices in the industry, including annual audits to ensure that we are meeting these standards day in and day out.

Working with a CEFEX Certified TPA Matters

RPCSI is a CEFEX certified TPA and has been adhering to the industry’s best practices since 2000 but officially earned our CEFEX certification in 2018. RPCSI is positioned to serve investment advisors, investment managers, and investment stewards including plan sponsors. CEFEX Certified TPAs understand the importance of operating at the highest standards with extreme attention to detail, accuracy, and client satisfaction.

Client Interests Always First

As a client of a CEFEX certified TPA, your interests are always a top priority. Through structured processes and extensive documentation, our clients can rest assured that their account reconciliation and information are properly organized, implemented, and monitored.

Continuously Improving

Each year, RPCSI undergoes an annual audit to ensure that we are up to date with CEFEX’s best practices. The CEFEX annual audit is the highest recognition of excellence in the financial services profession. This audit fosters a culture of continuous improvement within our organization and increases the transparency and accountability of our employees. This also helps our clients fulfill their procedural retirement plan obligations.

The RPCSI Difference

The benefits of working with RPCSI do not stop here, check out our blog for 6 Advantages of Partnering with a CEFEX-Certified TPA. Choosing a retirement plan consultant/advisor requires in-depth research to determine if they’re a good match for your organization’s specific goals. RPCSI has been providing administrative services to a wide array of organizations and industries nationwide for over 20 years. When you choose to partner with a CEFEX certified TPA like RPCSI, you are partnering with a team of experts.

RPCSI strives to provide comprehensive, high-quality, and technical services to advisors, managers, and plan sponsors to make their job easier. To learn more about the RPCSI difference or to request a quote for your organization, contact a member of our team today.

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