3(21) and 3(38) Fiduciary Services

ERISA 3(21) and 3(38) fiduciary services for nonprofits and businesses

We serve as ERISA 3(21) or 3(38) investment fiduciaries for employer sponsored retirement plans to limit your exposure to fiduciary liability, while reducing the time and expertise required for you to perform the plan’s ongoing investment monitoring and selection duties. Most of the responsibility for (and virtually all responsibility in the case of 3(38) engagement) investment-related decisions is shifted to our team, providing the plan sponsor with more time to focus on other aspects of the non-profit or business.

Plan sponsors are required by ERISA to provide an investment lineup for participants that has been prudently selected and monitored to minimize and control risk. To ease this burden for our clients, we act as an ERISA 3(21) investment fiduciary with regards to the selection, monitoring, and replacement of plan investments or as an ERISA 3(38) fiduciary with full discretion regarding the selection, monitoring, and replacement of plan investments.