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Each plan must have a named
Fiduciary who is the “go to” person
about Plan operation and
administration. This person chooses
and monitors other Plan Fiduciaries
and service providers, and most
prevalent in the news today the
Investment Lineup. This person is the
ERISA §402(a) fiduciary.
https://401kisc.com/benefits-of-a-401k-fiduciary/
In the 401(K) world, there are four
types of ERISA fiduciaries: §402(a),
§3(16), §3(21), and §3(38). They are
briefly described as: the Plan
Fiduciary §402(a); the Plan
Administrator §3(16); an
Investment Advisor Fiduciary
§3(21); and, an Investment
Manager Fiduciary §3(38).
https://401kisc.com/benefits-of-a-401k-fiduciary/
A Fiduciary owes the duties of good faith
and trust and must act in the best interest
of the Plan, while a Co-Fiduciary advises.
Both must avoid conflicts of interest. it’s
the little things that count! As a §3(21) Co-
Fiduciary, the Investment Advisor gives
“advice” which needs to be in the best
interest of the client. Whether to take the
advice or not is ultimately the final
decision of the Plan Fiduciary
https://401kisc.com/benefits-of-a-401k-fiduciary/
Street Address: 9103 E. Chenango Ave.
City : Greenwood Village
State : Colorado
Zip Code : 80111
Phone No. : 720-336-9596
https://401kisc.com/benefits-of-a-401k-fiduciary/
https://401kisc.com/benefits-of-a-401k-fiduciary/

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Benefits of a 401(k) fiduciary

  • 1. Each plan must have a named Fiduciary who is the “go to” person about Plan operation and administration. This person chooses and monitors other Plan Fiduciaries and service providers, and most prevalent in the news today the Investment Lineup. This person is the ERISA §402(a) fiduciary. https://401kisc.com/benefits-of-a-401k-fiduciary/
  • 2. In the 401(K) world, there are four types of ERISA fiduciaries: §402(a), §3(16), §3(21), and §3(38). They are briefly described as: the Plan Fiduciary §402(a); the Plan Administrator §3(16); an Investment Advisor Fiduciary §3(21); and, an Investment Manager Fiduciary §3(38). https://401kisc.com/benefits-of-a-401k-fiduciary/
  • 3. A Fiduciary owes the duties of good faith and trust and must act in the best interest of the Plan, while a Co-Fiduciary advises. Both must avoid conflicts of interest. it’s the little things that count! As a §3(21) Co- Fiduciary, the Investment Advisor gives “advice” which needs to be in the best interest of the client. Whether to take the advice or not is ultimately the final decision of the Plan Fiduciary https://401kisc.com/benefits-of-a-401k-fiduciary/
  • 4. Street Address: 9103 E. Chenango Ave. City : Greenwood Village State : Colorado Zip Code : 80111 Phone No. : 720-336-9596 https://401kisc.com/benefits-of-a-401k-fiduciary/