Bloomberg Law’s article, “Trump Account Benefits Race Makes Payroll Vendors Key Players,” examines the significant role payroll and benefits service providers are expected to play as employers consider incorporating Trump Account contributions into their employee benefit programs. Groom principal Christine Keller, a former IRS attorney, discusses why employers, particularly large organizations, are likely to rely on third-party vendors to handle key administrative functions, including eligibility verification and enrollment.
“Any vendor that’s offering services related to verifying eligibility and enrolling the employee would be a vendor that really a large employer is going to need to have to contract with,” Keller said. “Otherwise, I don’t think employers are going to really be able to facilitate the transfer of these funds on their own.”
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