3 38 fiduciary vs 3 21

3 38 fiduciary vs 3 21 Some employers the fiduciary duties of their 401 k plan In turn they can hire a 3 38 3 21 or 3 16 fiduciary Here s how they differ

Advisors to either provide investment advice as a 3 21 fiduciary or to take full responsibility for investment decisions as a 3 38 investment manager The roles and responsibilities for third A 3 21 fiduciary is an investment adviser and co fiduciary with the company fiduciary business owner board or named fiduciary They provide investment recommendations on how to build the fund lineup and monitor the investment

3 38 fiduciary vs 3 21

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What is the difference between a 3 21 and a 3 38 investment fiduciary This question is being asked with increasing frequency and the answer provides a host of planning Hosted by ERISA attorney Ary Rosenbaum and presented by Lyle Himebaugh of Granite Group Advisors it explained the key differences between a 3 21 and 3 38 advisor More specifically Shared fiduciary liability

A 3 21 investment adviser is a co fiduciary role whereby an adviser provides advice to an employer with respect to funds on a 401 k investment menu and the employer 3 21 and 3 38 investment fiduciaries are similar in that the focus is on investment recommendations A 3 21 investment advisor is a co fiduciary and can provide investment recommendations but he or she has to wait for

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What s the Difference Between a 3 21 Investment Adviser and a 3 38 Investment Manager The chart below underscores the key differences between a 3 21 fiduciary and a 3 38 investment manager It also shows A 3 38 fiduciary has discretionary control of a plan s investment assets Here is how it works and how it differs from a 3 21

A 3 21 advisor typically is considered a co fiduciary of the plan What is a 3 38 advisor While a 3 21 advisor acts as an investment advisor a 3 38 advisor functions as the investment If your client needs someone to control the investment of some or all of the plan assets then your client would look to engage an investment advisor under 3 38 A 3 38 investment manager

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3 38 fiduciary vs 3 21 - What is the difference between a 3 21 and a 3 38 investment fiduciary This question is being asked with increasing frequency and the answer provides a host of planning