A Reader’s Viewpoint
“Outsourcing a 401(k) Plan” ( JofA, May01, page 30) , in my view, was little more than an advertisement for firms that are large third-party administrators.
I’m also an attorney, and the American Bar Association does the same thing for the large law firms. In my opinion, both the AICPA and the ABA cater solely to the bigger firms and give us smaller firms little, if any, exposure.
I am not a member of the ABA for this reason, and if I did not need to be a member of the AICPA to keep my term insurance in place, I would drop out of it as well. Other than offer “deals” on car rentals, the AICPA does little for the smaller CPA firms.
Lee T. Jennings, CPA