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Retirement Plans

Retirement Plans

Create a Retirement Plan That Serves Your Organization and Employees

Company-sponsored retirement plans come with complex day-to-day responsibilities and fiduciary risk, even for companies with full-time benefits staff. Our team can help you reduce risk and workload, manage plan cost, and design solutions that engage your employees and prepare them for retirement.

We focuses on helping corporate clients manage their employer-sponsored retirement plans. Retirement plans, including plan operations, design, compliance and third-party fiduciary support.  

What is the Plan Sponsor's fiduciary responsibility?

What is the Plan Sponsor's fiduciary responsibility?

If you’re not sure, you’re not alone. Fiduciary responsibility is one of the most complex and misunderstood parts of administering a retirement plan. And not every plan sponsor has the time and resources to stay on top of it all. Among your responsibilities as plan fiduciary are investment selection and plan administration. More and more, employers are choosing to offload these responsibilities to 3rd parties, as part of their plan design. 3rd party fiduciary services include:

  • 3(16) Fiduciary — an individual who has responsibility for plan administration, and certain reporting and disclosure obligations.
  • 3(21) Fiduciary — non-discretionary fiduciary support; meaning, a 3rd party fiduciary will help you select the investment options, and you approve them
  • 3(38) Fiduciary — discretionary fiduciary support; meaning, funds are selected at the discretion of a 3rd party fiduciary.  

Plan Administrator FAQ

**3(21) and 3(38 fiduciary services are offered through 3rd parties and included in your plan design at an additional cost.  Your specific proposal will contain details**

Ready to feel more confident about your finances?

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