Admin316

A delegated 3(16) plan administrator is an outsourced HR function that can reduce your fiduciary responsibility by 98%, can reduce your day to day res 3(16) PLAN ADMINISTRATION As the entity responsible for overseeing your 401k plan’s administration ...

A delegated 3(16) plan administrator is an outsourced HR function that can reduce your fiduciary responsibility by 98%, can reduce your day to day res 3(16) PLAN ADMINISTRATION As the entity responsible for overseeing your 401k plan’s administration we serve as your plans listed trustee. Every retirement plan must have at least one named trustee. Admin316 will take on that role. Understanding each parties role in your qualified plan is important. Who is the TPA, the Recordkeeper, the Custodian? Who is responsible for the plan investments. Is it our advisors? Are they licensed to serve as the 3(21) or 3(38)? Who is responsible for what? Most important, is it in writing?