3(38) Fiduciary

For sponsors of ERISA covered plans looking to outsource investment selection and monitoring responsibilities, FIA can serve in a 3(38) investment manager capacity.  As a 3(38) investment manager, FIA would operate in the committee’s philosophical investment framework, while making prudent investment selection decisions on behalf of the plan.

ERISA 3(38) Services include:

  • Investment Manager Due Diligence Selection
  • Investment Performance Monitoring

In addition, fia can provide the following services as an erisa 3(21) advisor:

Defined Benefit Plans

  • Investment Policy Development
  • Asset Allocation
  • Fee Analysis and Negotiation
  • Peer Benchmarking
  • Fiduciary Governance Support
  • Operational Support

Defined Contribution Plans

  • Investment Policy Development
  • Investment Menu Design
  • Fee Analysis and Negotiation
  • Peer Benchmarking
  • Fiduciary Governance Support
  • Operational Support
  • Employee Communication Support