How can a 3(38) Investment Manager help you navigate your Fiduciary Responsibility? – Strategic Retirement Partners
 

How can a 3(38) Investment Manager help you navigate your Fiduciary Responsibility?

 

 

As a Plan Sponsor, you may wonder, am I properly living up to my fiduciary responsibility?  ERISA law is changing, how do I make sense of it and ensure I am following it?  If you find yourself wondering this, you are not alone.  In fact, this is why there are retirement plan consultants to help you, guide you, and offer clarity and understanding of the laws.

It can be hard enough to determine what investment options are suitable for you personally, let alone picking for your entire company.  With this in mind, SRP advisors can partner with you to take on 3(38)  Fiduciary Responsibility for the investments in your plan. While taking on 3(38) Fiduciary Responsibility cannot remove all of the fiduciary liability, it is our job to help you mitigate this.   We believe that when it comes to selecting the suitable investments for a company, it is not a “one size fits all” task.  It is an important role and one that we take very seriously.  We work with you to understand your participant base and needs before we make any recommendations.

It is essential to understand what services you are getting from the firm you work with and who provides these services.  When you work with SRP, our experienced team takes on this responsibility for you.  Whereas at other firms, they may hire outside consultants to act as your 3(38) investment managers.  It is why our tagline is” Relax.. . We’ll Take it From Here” because we will take it.

3(38) solutions SRP professionals can provide:

  • Investment Selection and Monitoring
  • Fiduciary Investment Reviews
  • 3(38) Fiduciary Responsibility for the investments in your plan

If you find yourself finding it hard to keep up with the changing laws, contact us today.

Meet the author:

 

 

Securities offered through LPL Financial, Member FINRA/SIPC. Investment advisory services are offered through Global Retirement Partners, an SEC Registered Investment Advisor. Global Retirement Partners and Strategic Retirement Partners (SRP) are separate entities from LPL Financial.

Global Retirement Partners employs (or contracts with) individuals who may be (1) registered representatives of LPL Financial and investment advisor representatives of Global Retirement Partners; or (2) solely investment advisor representatives of Global Retirement Partners.  Although all personnel operate their business under the name Strategic Retirement Partners (SRP) they are each possibly subject to differing obligations and limitations and may be able to provide differing products or services.