Interested parties may apply to become either a Full, Associate, or Provisional member of TPAAC. A completed Application for Membership is required for the review process. The application process involves audit documentation for KPMG, which is TPAAC’s appointed membership auditor. TPAAC’s Membership Committee and Board of Directors will review the application based on KPMG’s assessment.
Full Membership is restricted to businesses operating within Canada which carry on the business of providing third party administration of group insurance and pension plan benefits and which meet the criteria and professional standards set for admission, and is not an ineligible business, as defined below. Full Members are entitled to vote at members' meetings.
Only applicants that (1) are related to, are a holding body corporate of, are affiliated with, or that control or is controlled by (as such terms are defined in the Corporations Act (Ontario)) an existing Full Member and (2) are engaged in aspects of third party administration may qualify for Associate Member status. Associate Members do not have voting privileges.
Provisional Membership is restricted to businesses operating within Canada which carry on the business of providing third party administration of group insurance and pension plan benefits and which meet the criteria and professional standards set for admission, and is not an ineligible business, as defined below.
This level can be applied for and held for a period of up to two years. The non-refundable fee for the Provisional Membership is for one year, or part thereof, and runs June 1 - May 31. A Provisional Membership does not require a compliance audit by KPMG, but the application is vetted by the membership committee to ensure minimum compliance items are met. At the end of the Provisional Membership period a member must apply for Full Membership at current Full Member application fees. Provisional Members do not have voting privileges.
Benefits of TPAAC Membership
• Recognition of sound fiduciary responsibilities
• Assistance in achieving standards
• Elevated presence in the industry
• Influence in guiding direction of TPAAC
• Forum for sharing knowledge and ideas
• Liaison with regulators
• Association buying power
• Association with other participants in the industry (CLHIA, CCIR, etc.)
• Cross border relationship with USA Society of Professional Benefit Administrators
Apply to join the Third Party Administrators’ Association of Canada (link to .pdf)
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