Co-Fiduciary
We privide advice on 401(k) funds, you decide what you want to do.
Ongoing charges for managing the assets of the investment fund, generally based on a percentage of the assets invested. Fees may also cover administrative expenses.
Seamless organization and communication that let’s you breathe easy.
As your co-fiduciary, we act in your best interests. Our team ensures your 401k is organized, formalized, properly implemented, and correctly monitored.
We act as either a 3(38) or 3(21) in monitoring your investment lineups.
What Do We Track?
What is a Co-Fiduciary?
What is a Co-Fiduciary 3(21) and or 3(38)?
What is a Co-Fiduciary?
A fiduciary is anyone who is contractually bound to act in the best interest of others at all times. The relationship consists of a Fiduciary and a Beneficiary. In the case of employee benefits administration, the plan sponsor (employer), trustee, and potentially plan advisor are the fiduciaries to the plan participants. Being a fiduciary comes with a very strict duty of care which requires that a fiduciary avoids conflicts of interest and, that they not use their position of confidence to further their own interests. It’s a law that is attempting to govern intent and align that intent with the good of the client. Our firm provides a co-fiduciary role on all plans.
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