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Investment Fiduciary Committee Responsible for Plan Assets

Investment Fiduciary Committee Responsible for Plan Assets

Investment Fiduciary committee members accept a substantial amount of responsibility when overseeing the investment of retirement plan assets. Retirement plan fiduciaries who oversee retirement plan assets have the option of hiring a 3(38) retirement fiduciary to help in maintaining a prudent fiduciary process. At the conclusion of a Plan Sponsor University (TPSU) Fiduciary Education Program held at the location of the University of California Irvine – UC  Irvine, TPSU Founder, and CEO Fred Barstein spoke with Steve, a repeating attendee at the Plan Sponsor University in Irvine, California. Steve discusses his firm’s history and experience in utilizing a 3(38) fiduciary investment professional.  Steve’s retirement committee has used such a fiduciary professional and the committee has become comfortable with the functions and reporting that the 3(38) investment fiduciary provides.  The committee is aware that they, the committee, are still responsible for the plan investment results, but they feel more comfort by mitigating some of the investment risks when using the services of a 3(38) fiduciary.


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Retirement Committee Trustees Immediately Accept Fiduciary Responsibility

  Retirement committee trustees frequently accept their positions without fully comprehending the responsibility.  Therefore, new retirement committee trustees do not always realize the magnitude of the commitment they have made to the plan participants.  Learning the nuances associated with serving ...