Clarifying Fiduciary Roles
As fiduciaries under ERISA, we take on specific legal responsibilities to manage your retirement plan. This protects both you as the plan sponsor and your employees. Explore the distinct roles we can fill to mitigate your risk.
The Administrative Fiduciary
As your 3(16) Plan Administrator, we take on the day-to-day management of your retirement plan, reducing your administrative burden and helping to ensure operational compliance.
- ✓Interpreting plan documents to ensure proper operation.
- ✓Reviewing and approving distribution and loan requests.
- ✓Distributing required notices and disclosures to participants.
- ✓Tracking employee eligibility and enrollment.
- ✓Filing the annual Form 5500 for the plan.
- ✓Monitoring for operational errors and assisting with corrections.