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 plan’s investment committee advisor, we work to help you keep your 401(k) plan organized, formalized, properly implemented, and correctly monitored.
If elected as part of our service agreement, we can facilitate a 3(21) or 3(38) co-fiduciary
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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