Retirement Plans for Medical Practices

Physicians and healthcare professionals face demanding clinical schedules and complex retirement plan obligations. Admin316 assumes the fiduciary administration burden so your practice can focus entirely on patient care.

What Admin316 Does For Medical Practices

Physicians Carry Fiduciary Liability Most Practices Don't Realize They Have

When a medical practice sponsors a retirement plan, physicians and practice owners become personally liable under ERISA, responsible for plan administration, participant notices, government filings, and compliance oversight. Most practices are focused on patient care, not plan compliance, and that gap creates significant exposure to IRS penalties, DOL audits, and personal liability for physician partners.

IRS Penalties & DOL Audits

Personal Liability for Physician Partners

Compliance Distracting From Patient Care

Admin316 Assumes Your Practice's Fiduciary Responsibilities

Admin316 serves as your 3(16) Plan Administrator and 402(a) Named Fiduciary, assuming the administrative responsibilities that would otherwise rest on physician partners and practice managers. We handle filings, notices, eligibility, and compliance coordination while working alongside your existing advisor and recordkeeper, so your team can stay focused on patients.

3(16) Plan Administration

402(a) Named Fiduciary

Works With Your Existing Team

Responsibilities We Handle on Your Behalf

From participant notices to Form 5500 filings, Admin316 takes over every administrative fiduciary obligation tied to your practice’s retirement plan, so physician partners and practice managers carry none of the compliance burden.

Participant Notices & Form 5500

Eligibility · Loans · Distributions

Compliance Coordination Year-Round

What Your Practice Gains When Admin316 Takes Over

Admin316 brings over 25 years of exclusive ERISA expertise to medical practices, reducing liability, saving time, and improving governance without disrupting your existing advisor or recordkeeper.

Reduce Liability

We assume the fiduciary responsibilities that make plan sponsorship personally risky, protecting physician partners and practice managers from direct IRS and DOL exposure.

Save Time

Your physicians and staff are freed from time-consuming plan administration demands, giving them back the hours they need to focus on patient care.

Preserve Advisor Relationships

We work alongside your existing financial advisor and recordkeeper without replacing or disrupting those relationships, we enhance what is already working.

Improve Plan Governance

A clearly designated independent fiduciary creates a stronger, more defensible governance structure for your practice’s retirement plan, reducing audit risk.

client reviews

Admin316 Client Result

Plan Sponsor · Admin316 Client

Over $142,000 in Client Penalties Avoided

"Admin316's analysis of our DOL filings uncovered excessive fees and saved our company more than $142,000 annually."

"Admin316 has made managing our retirement plan significantly easier. Their team is responsive, knowledgeable, and proactive about the administrative responsibilities that used to take time away from our internal team. Having experienced professionals helping oversee the plan gives us greater confidence that important details aren't being overlooked."

Racheal Admin316 Client

"Working with Admin316 has taken a tremendous amount of administrative work off our plate. They understand the responsibilities that come with sponsoring a retirement plan and help make sure things get handled correctly and on time. The biggest benefit for us has been having a team we can rely on instead of trying to manage everything internally."

Ron Admin316 Client

"Admin316 brought structure and accountability to the way we manage our retirement plan. They helped us better understand who was responsible for what and took over many of the administrative responsibilities our team had been handling. Their knowledge and responsiveness have made them a valuable partner to our organization."

Scott Admin316 Client

"One of the best things about working with Admin316 is knowing there is a team focused on the details of our retirement plan every day. They are proactive, accessible, and willing to explain issues in plain English. It has allowed our management team to spend less time worrying about plan administration and more time running our business."

Paul Admin316 Client

"Admin316 helped simplify what had become a complicated and time-consuming responsibility for our company. Their team has been professional, responsive, and easy to work with. I especially appreciate having a clear process and knowing exactly who is responsible for getting things done."

Ryan Admin316 Client