A: One of the core fiduciary responsibilities for a 401(k) plan is the prudent selection, monitoring and diversification of the plan’s investment offerings. The standard of care is very high and requires investment expertise.
However, with respect to the selection and monitoring of investments, the appointment of an investment manager under ERISA 3(38) provides the ability to narrow the scope of your fiduciary responsibilities. You do not have to go at it alone.
The Corporate Advisors Group can take on the fiduciary responsibility of investment selection and monitoring – saving you time and offering fiduciary protection, all while benefiting your employees with thoughtful investment options.