May a Third Party Administration firm or financial institution obtain signer credentials on behalf of its clients?
No. Every individual who signs a Form 5500 or schedule must obtain his/her own signer credentials. Furthermore, the government limits one set of credentials per email address. When an individual obtains his/her signer credentials, the individual must certify to the government that he/she will not share the credentials with anyone, including a TPA or financial institution.
Related Questions
- One of my clients would like me to handle all of the contracts on their behalf. Do any scenarios exist in which a party may execute a Registry Contract on behalf of a Registry Operator?
- MY FIRM HAS A NUMBER OF CLIENTS THAT ARE NOT PARTIES TO LITIGATION, BUT THEY HAVE RECEIVED THIRD PARTY SUBPOENAS. HOW CAN OUTSOURCING HELP THEM?
- How does my financial institution obtain a deposit of State funds?
