Behind a Veil of Authenticity
Savvy retirement plan vendors have jumped on the chance to sell a “new thing” and are pushing hard on a not so new concept Hidden behind a veil of authenticity, it can now be determined that most ERISA Section 3(16) services being promoted are anything but...Fiduciary Fumbles: How Do Plan Sponsors Choose the Right Fiduciary?
An article published last week by Employee Benefit News titled, “Which type of fiduciary should plan sponsors hire?” compares the differing responsibilities of 3(16), 3(21), and 3(38) fiduciary providers. In short, the roles broke down as follows: 3(16) – Plan...The Right Way to Construct a TPA / 3(16) Service Provider Model
The retirement plan industry ebbs and flows with trends. Many of the headlines over the past decade have concentrated on investment products, such as target date funds, risk-based allocation funds, and low cost exchange traded funds. In recent years, the ramp up of...3(16) Fiduciary: New Flavor, or Simply a Matured Palate?
An InvestmentNews article published this week was titled, “New flavor of outsourced fiduciary for retirement plans hits the market.” In it, the author introduces the “newest offering of fiduciary duty under Section 3(16)” of ERISA – the 3(16) plan administrator. But...Contact us…
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