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NEEDHAM PUBLIC SCHOOLS 1330 Highland Avenue Needham, MA 02492 October 2017 REQUEST FOR PROPOSALS (RFP) #18SCH083G INDEPENDENT THIRD PARTY ADMINISTRATION OF 403(b) COMPLIANCE PROGRAM The Needham Public

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What is independent third party administration?

Independent third party administration is when a neutral third party manages and oversees certain tasks or processes on behalf of an organization, ensuring transparency and compliance with regulations.

Who is required to file independent third party administration?

Certain organizations or businesses may be required to file independent third party administration, typically those involved in regulated industries or who handle sensitive information.

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To fill out independent third party administration, gather and report relevant information accurately and in accordance with industry standards and regulatory requirements.

What is the purpose of independent third party administration?

The purpose of independent third party administration is to ensure unbiased oversight, compliance with regulations, and effective management of tasks or processes.

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Information reported on independent third party administration may include financial data, operational details, compliance measures, and other relevant information as required.