Sells 401(k) Plans
Does not sell 401(k) Plans
Offers an Open Platform/Menu of Funds/Fund Families
Offers a Closed Platform/Menu of Funds/Fund Families
An open platform is one in which the provider (usually a TPA) provides the recordkeeping
and plan administration services and offers an open menu or platform of funds with few,
if any restrictions on available funds. A closed platform TPA offers a single fund family or
several fund families, but is restricted to a subset of funds that they administer.