Fiduciary Services under
ERISA section 3(21)
The Institute serves as your plan fiduciary under Sections 3(21)(A)(i), 3(21)(A)(ii) and 3(21)(A)(iii) of ERISA. You may think that’s what your advisor is already providing but our experience suggests that’s not likely. Learn more about the various fiduciary roles in “Unscrambling Fiduciary Confusion” on the sites main menu bar.
The Institute provides oversight to all service providers including those providing record-keeping and daily admin (TPA) services. We step into your shoes and oversee the plan as if it were you.
Under a separate agreement the Institute can serve as a participant level fiduciary providing My 401(k) Risk Manager, an opt-in discretionary participant account tactical asset allocation program.
For the plan sponsor, we reduce this non-revenue producing responsibility to just (2) thirty minute over-site meetings per year. Conducting these meetings online can provide an efficient time saving solution.