RUN AWAY. Poor management. Private equity. Outsourcing. Fake smiles.
Pros
Probably the only pro is that you can work from home.
Cons
This is a private equity company, so don’t be surprised when you get axed even if you’re a top performer. The company has disgracefully poor management. Some management has never even worked in the TPA/retirement world before. You might be interested because of the compensation, but don’t be fooled. It’s fools gold. The workload is so immense, it will be impossible for you to keep up, and they will blame you for it. Even if you tell management it is not possible, they will not listen or take it seriously. They fully expect and want you to leave so the next cheaper option will join and do the same thing again. They offer the worst bonuses in the entire industry. Your responsibilities will include answering calls and emails. Forget about actually doing real work. Once they’re done with you and you’re out looking for another job, your resume will be far weaker. No earned/learned skills can be had working for this private equity company. There is zero room for growth. As I said, this is private equity, so growth is extraordinarily rare and it’s cheaper to replace you than actually giving you growth especially since they outsource work to South Asia. There is no section 125/cafeteria plan, which is unheard of in today’s world. They would rather you pay taxes on things that are medically exempt. They have a Safe Harbor Nonelective 3%, and the reason is because they know they can cheat everyone out of 1% by not doing the Safe Harbor Match instead which would normally get you to 4% for employer side contributions. They do not do any Profit Sharing, and never will, so their 3% SHNE argument is invalid and is purely setup to cheat everyone out of 1%. Weak job title, weak benefits, no career opportunities, incompetent management, private equity, overwhelming work load, and a hostile place to work. Don’t let your recruiter lie to you. You do not want to join this company.
