The answer to this will come down to comfort level, funds available, and strategy you are looking to implement. 

A local investor will be best equipped to get repairs and renovation done at fair prices, set rents at appropriate levels, and help select qualified tenants.

I sold my company to a national PMC named PURE,  they have a large footprint in California and are always looking for people at most levels. 

Just a level of comfort of the landlord, which we know.For me though, if I'm not getting something around the low teens in cash on cash return, I don't think I'd bother with real estate.

If you hire a PM, your financial account structure can be simpler.If you plan to continue purchasing rentals, I like some key accounts at the "management" level (income, opex, tax, owncp, reserve) and only have 1 checking account per property to prevent having 100 accounts and unnecessary complexity.

It's great for managing at the property/unit level, but unfortunately, falls short on managing finances big picture once you add more property.

We add up the scores and get a total score that reflects the level of risk the applicant presents.

What was their level of speed & competence? 

Our auto coverage is now at an increased level so if this happened today it likely would not result in any involvement of the umbrella policy. 

Notwithstanding, "plan provider" connotes a service that is primarily focused on 401k document provision and compliance support and "plan administrator" connotes a more involved level of support in management of the plan.