ERISA 3(38) & ERISA 3(16)
Investment Manager 3(38)
As the investment fiduciary of your plan, we are responsible for:
- Selection of the investment menu
- Selection of the Qualified Default Investment Alternative (QDIA)
- Monitoring & maintenance of the investment menu
- Perform regular benchmark reports
Plan Administrator 3(16)
As the Plan Administrator of your plan, we are responsible for:
- Selection and monitoring of service providers
- Ensure the tax qualified status of plan documents
- Review, sign, and file IRS Form 5500 and all accompanying forms
- Work with employer and service providers to ensure proper plan administration
- Assist with DOL and IRS audits
- Approve loans and distributions