Tag: 3(16) Fiduciary duties

What Are 3(16) Fiduciary Services?

ERISA 3(16) Fiduciary Services involve assuming responsibility for the day-to-day operations of a retirement plan to help reduce administrative burden and reduce personal liability risks for the Plan Sponsor (i.e. Employer). An ERISA Section 3(16) Plan Administrator competently navigates the complex fiduciary landscape and acts as a plan administrator to provide services such as: Review