First Retirement Services

No. As a third-party administrator and recordkeeper, the firm performs compliance testing, participant recordkeeping, Form 5500 filing, and daily valuation of plan assets. It does not select plan investments or provide fiduciary investment advice to participants. Investment-lineup decisions are the responsibility of the plan sponsor and any named investment fiduciary.

Third-party administrators in this segment generally serve 401(k) plans, 403(b) plans for nonprofits, and occasionally 457(b) plans for governmental entities. First Retirement Services' exact plan-type mix is not publicly disclosed, but its name and positioning suggest primary focus on standard participant-directed defined-contribution plans with employer matching.

TPAs typically charge per-plan or per-participant fees, sometimes via direct billing to the plan sponsor and sometimes deducted from participant accounts, depending on the plan design and fee-disclosure structure required under ERISA Section 408(b)(2). Revenue is not asset-based in the way an RIA or fund manager's compensation would be.

US retirement-plan administration is governed by ERISA, the Internal Revenue Code, and Department of Labor regulations. This includes Annual Additions limits, ADP/ACP nondiscrimination testing, top-heavy testing, and rules around eligible compensation. TPAs must stay current with IRS plan-document requirements and annual cost-of-living adjustments to contribution limits.

Public records do not establish an exclusive affiliation. It is common for TPAs to maintain platform-agnostic relationships in order to integrate with multiple recordkeepers and advisor networks, though no specific named partners are verifiable for First Retirement Services.