Fiduciary Services
As a 3(21) fiduciary, we give advice & recommendations to assure that your investment lineup is positioned in the best interest of participants.
You retain ultimate decision-making authority while we work together on your structured investment design. If your interest is in a custom-designed investment menu, then 3(21) if the right fit.
As a 3(38) fiduciary, we are responsible for selecting, managing, monitoring, and benchmarking the investment offerings of the plan.
Some employers wish to utlize a 3(38) investment fiduicary to delegate full authority of decisions about the investment lineup. The 3(38) investment manager then has complete discretion and authority on fund selections initially and ongoing.
By delegating the job of managing the investment lineup to the 3(38) fiduicary, your responsibility is significantly limited; however, there are other considerations. The trade off with 3(38) is that the investment menu cannot be customized by the employer - it is decided exclusively by the manager.
Investment Fiduciary Services
ERISA 3(21) Or 3(38) Investment Advisory
A 3(21) investment advisor helps you do it. So this is best if you want a custom-designed investment menu.
An ERISA 3(38) investment manager does it for you. So this is best if you want to be completely removed from the investment menu approvals.
Investment performance monitoring via a Fiduciary Investment Review is included with either fiduciary selection.
Service Provider Evaluation
to assist in your provider selection, we complete a free fee benchmarking analysis
annual reviews compare your current provider and administration fees to peer groups and market data
Fiduciary Risk Mitigation
Investment Policy Statement (IPS) is included as a blueprint to provide appropriate guidance on portfolio construction and ongoing management
Creation of Retirement Committee, documentation, sample Board Resolution, bylaws, & meeting minutes as needed
Committee guidance & due diligence training are routine components of our service
Fiduciary compliance reviews & governance reports
Proactive legal & regulatory updates
Identification of potential compliance & audit issues
Whitepapers, newsletters, webcasts
Stewardship, Employees 1st
investment stewardship, central to our responsibility placing your employees’ well-being 1st
risk comfort profiling & suitable portfolio models
retirement readiness assessments
financial wellness education, continual
Education Policy Statement & strategic engagement plan
