Our 3(38) fiduciary services are designed to offer the highest level of expert advice and help ensure value is being received at every level of your plan.
Too often, plans are overcharged for what they are receiving. We help benchmark your plan’s services and measure actual outcomes to uncover opportunities for cost-savings and greater plan results.
Benchmarking has become the primary tool used to support a prudent fiduciary process. However, benchmarking should not be limited to fees and expenses; it should include participant outcomes in order to determine whether your plan’s fees and expenses are delivering the retirement outcomes for which your participants are paying.
Anytime you make a decision that could impact the cost of the plan for your participants, we help you conduct a cost-benefit analysis to measure the effectiveness of each vendor, service, and investment offered to your plan.
One of the most important aspects of fulfilling fiduciary duties is consistently using a prudent process when making decisions regarding your retirement plan. We’re here to help you establish and conduct those processes on a regular basis. Thoughtful consideration is documented to support the basis of each decision.
Retirement Plan Fiduciary Insights
The Department of Labor's RFI The U.S. Department of Labor recently released a Request for Information (RFI) regarding its Fiduciary Rule. According to the Department, this RFI "seeks public input that could form the basis of new exemptions or...
Hardship Withdrawals from 401(k) and 403(b) Plans On February 23, 2017, the Internal Revenue Service released its Substantiation Guidelines for Safe-Harbor Distributions from Section 401(k) Plans. And on March 7, 2017 they released a similar memorandum...
The Cadillac Tax Health insurance has always been a hot topic of conversation both in the political and financial worlds, and it's easy to see why, especially in recent years. Health care costs continue to skyrocket, not just for individuals, but also for...
Nevada's New Fiduciary Standard As discussed in a previous article, the Department of Labor's Fiduciary rule, which went in to effect on June 9, could have its final applicability date pushed back beyond January 1, 2018 to allow firms more time to come up with more...
A Look at The New Fiduciary Rule's First Month The Department of Labor's Fiduciary Rule went in to effect less than a month ago, and already new concerns surrounding it are arising. The first of these is the struggle of the SEC and DOL to come to an agreement on the...
The New Fiduciary Rule's Important Take Aways On April 7, 2017, just three days before the original set applicability date, the Department of Labor announced they will be postponing the applicability dates originally stated in the Fiduciary Rule from April 10, 2017 to...
In the context of retirement readiness, how do we identify the circumstances under which reasonable caution and prudence must be exercised? The standard of care stems from the 1837 case of Vaughan v Menlove. This case established that the standard of care is dependent...
When Section 401(k) became a permanent provision of the Internal Revenue Code in 1980, a seismic shift occurred in American workers’ preparation for retirement. The responsibility for contribution and investment decisions shifted from employers to employees. Before...
At a recent 401(k) summit in Nashville, I was surprised to hear the number of advisors who said they are considering offering only education to participants, so they do not have to comply with the new fiduciary rule. As many now know, under the new fiduciary rule...
A fiduciary is defined as a legal or ethical relationship or trust between two or more parties. Typically, a fiduciary prudently takes care of money for another person. How does this relate to 401(k) plans? When a company decides to sponsor a 401(k) plan they must...
Learn moreContact us to learn more about our fiduciary management services.
7003 Chadwick Drive, Suite 210
Brentwood, TN 37027
P.O. Box 22968
Nashville, TN 37202
Toll Free: 1-800-858-6989
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