3(16), 3(21) and 3(38) Fiduciary Services – what are they all about?

Short answer – for our clients, wasting money.  See below for more info. 3(16) services are administrative services performed by someone else on behalf of the Plan Administrator (usually the employer) – essentially, outsourcing administrative duties such as maintaining and interpreting the plan document, providing notices, etc.  We do all of this for our clients, […]

Alternative investments in retirement plans

Are they a good idea?  Generally, no, let’s dive in… A simple yet usable definition of “alternative investments” is:  anything that doesn’t show up on a statement from a bank, brokerage firm or similar financial institution.  Some example are:  real estate, privately held mortgages, collectibles, and precious metals. Most plans will permit these assets, but […]