Tag Archives: 3(38) fiduciary

Are you personally liable for your retirement plan?

Plan SponsorsBy David Black June 23, 2022

Are you personally liable for your retirement plan? Does your company retirement plan have a named fiduciary investment manager in the plan documents? If it doesn’t or if you don’t know then chances are that it’s you. Under Employee Retirement Income Security Act of 1974, the plan sponsor is the principal administrator and investment manager…

3(16), 3(21), or 3(38) Fiduciary – What’s the Difference?

Plan SponsorsBy David Black June 14, 2022

3(16), 3(21), or 3(38) Fiduciary – What’s the Difference? When it comes to your company retirement plan, there are several different fiduciaries with which your company can partner. But knowing the differences can be confusing at best and at worse can mean thinking you have reduced your liability when you really haven’t. Each one is…