Serving Plan Sponsors
Your “Need To Know”
After working with thousands of business owners, we’ve found some understand their fiduciary risk well, while others know much less. While you don’t need to know the ins-and-outs of fiduciary responsibility, you do need to know that, according to the laws governing retirement plans, ignorance of fiduciary responsibility is not a plausible defense. Should your plan run afoul of the regulations that govern it, you and your business are liable—unless you assign responsibility to a 3(16) fiduciary provider.
How We Work
Fiduciary Consulting Group provides compliance consulting or a turnkey, plan management solution for any company or organization that sponsors a retirement plan. We will accept the role of the ERISA 3(16) Plan Administrator and 402 Named Fiduciary. Upon engagement, the plan document is amended to transfer the management responsibilities of the plan to our firm.
Our team of professionals focus on prudent and effective oversight of the plan to ensure plan participants have a successful retirement plan experience.
This provides plan sponsors with peace-of-mind knowing a professional and independent fiduciary firm has taken stewardship responsibility over their plan.
Let us be your safety net
Why Choose FCG
Like other fiduciary providers, we are here to address your risk. But unlike most others, we offer complete fiduciary mitigation rather than partial, and we offer bias-free plan oversight. Because we only provide fiduciary services, we can monitor the services and fees of a plan’s other providers—an essential part of fiduciary responsibility—without conflict of interest. Some 3(16) providers cannot make the same claim.Â
And outsourcing the management of your retirement plan not only protects the organization and executives from conflicts of interest, it allows executives and human resources, benefits, and finance staff to focus their time and energy on their work, productivity, and profitability.
Fiduciary responsibility is complex, but the solution is easy:
Fiduciary Consulting Group.
We offer peace of mind.
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