Admin316 accepts the delegation of fiduciary responsibility that goes along with this role. Our work not only frees up the executives and staff who currently perform these functions and protect them from fiduciary liability. We are one of the most comprehensive pension administrator companies.
ERISA
3 (16)
PLAN ADMINISTRATOR FIDUCIARY SERVICES
& Plan Trustee
Navigating You Through Life
Admin316 is one of the leading qualified plan administration teams. We are one of the few administrators that will serve in both the 3(16) plan administration capacity and as the 402(a) listed trustee. As the entity responsible for overseeing your Retirement Plan’s administration, we serve as your accounts listed Trustee; we must consider that every retirement plan must have at least one named trustee. This means that at least one party is responsible for the fiduciary liability and integrity of the Plan. This is why understanding each party’s role in your qualified plan is essential. 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?
Our Services
- Plan Design
- Qualified Plan Administration
- Participant Education
- Who are fiduciaries?
Navigating You Through Retirement
Admin316 is an independent fiduciary for employer-sponsored retirement plans, including 401(k), 457, 403(b), ESOPs, and defined benefit plans. We offer plan sponsors the option of appointing a professional, outside expert to act as the full-scope 3(16).