Today, 3(16) fiduciary outsourcing is becoming a part of every conversation that advisors have with their clients. Why? Because implementing 3(16) fiduciary outsourcing services is like hitting the easy button for plan sponsors. Please join us on March 16th at 3:16p.m. for Pentegra’s inaugural 3(16)…
…in developing effective retirement income strategies. An individual IPS should be developed with the help of a financial professional. Plan sponsors may even wish to consider offering such a service through a unique type of ERISA fiduciary professional, the 408(g) fiduciary adviser. The bottom line…
…percentage of 401(k) plan sponsors outsource many of the day-to-day administrative duties to a 3(16) fiduciary services provider. An ERISA Section 3(16) fiduciary is a person or entity that takes on the responsibilities and shared liability for administrating a retirement plan. A 3(16) fiduciary can…
…can face penalties and personal liability for plan losses. Attend this course to understand fiduciary responsibilities and liabilities, how to identify the different types of plan fiduciaries and implement fiduciary liability reduction strategies and tactics. *Disclaimer: This recording is not eligible for Continuing Education Credits…
…always widely reported. A reputable adviser with a track record of monitoring such activities can be of immeasurable value here. Consider outsourcing fiduciary responsibility. This is another tip that we regularly share, but it bears repeating as we (hopefully) start returning to “normalcy.” Outsourcing fiduciary…
…avoid errors. Outsourcing responsibility by engaging an independent fiduciary also helps plan sponsors design a more effective plan that is compliant and easy to administer. Providing these and other valuable fiduciary services give plan sponsors more time to run their business. Oh, and we have…
…should be their ultimate destination. Plainly put: If a fiduciary of plan is not actively assessing who is being paid, what amount they are being paid, and how those payments are being made, then they have not fulfilled their fiduciary duty vis-à-vis the plan’s participants….
3(16) Fiduciary Overlay Solutions Outsource Your Stress Points Pentegra’s 3(16) Fiduciary Overlay Services raise the oversight of the administration of your plan to an even higher level. You have the assurance that every administrative detail is carefully reviewed by one of America’s oldest professional…
What We Offer We Build Better Retirement Plans We offer a comprehensive array of qualified retirement plan solutions, fiduciary and consulting solutions. With every opportunity, our goal is to create retirement plans that run with less risk, greater efficiencies and improved outcomes….
…outcomes By engaging a 3(16) plan administrator, the plan sponsor shifts fiduciary responsibility to the 3(16) for the services specifically contracted (e.g., plan reporting, participant disclosures, distribution authorization, plan testing, etc.). Not all fiduciary services are created equally, so choose wisely and enjoy the benefits…
A package that included H.R. 1187, the Corporate Governance Improvement and Investor Protection Act, was passed by the U.S. House of Representatives by just one vote, 215-214, on June 16. The bill, whose future in the Senate remains unclear at this time, would require publicly…