Broker Check


Transfer Your Investment Liability

Being the sponsor of a company 401(k) plan is like being the father of a large and complex family---you have considerable responsibility for the general welfare of the group as well as possible fiduciary liability if something goes awry. With increasingly complicated laws and regulations, you must take on daunting responsibilities in order to remain in compliance. Father may know best, but he may be wise to delegate some fiduciary responsibility.

We can help relieve you of some of your fiduciary responsibilities. While we share fiduciary responsibility with everything we do, we can assign away from you the responsibility and associated liability for your investment decisions. This is known as ERISA 3(38) fiduciary responsibility.

Additionally, with a 3(16) Fiduciary Service, you can delegate many plan administrative duties such as ensuring timely deposits, distributing all required notices and disclosures, signing the Form 5500, and approving all participant loans & distributions, you want to be sure that you are on the right side of your fiduciary obligations.

We can relieve you of, and can provide expertise in investment management, allowing you to allocate your time to growing your business, instead of poring over detailed prospectus sheets or sitting in lengthy Investment Committee meetings.

Working with a fiduciary investment advisor reduces your risk as a business owner and outsources the following fiduciary plan functions:

  • Developing a written Investment Policy Statement (IPS)
  • Selecting and monitoring the investments for the plan
  • Designing and managing risk-based model portfolios for plan participants
  • Determining the plan’s qualified default investment alternative (QDIA)
  • Providing the necessary documentation to fulfill investment-related fiduciary responsibilities
  • When you choose Greenberg Financial, you’ll be choosing an experienced partner who can help you by taking over critical investment-related tasks; reducing your company’s risk and ensuring you and your employees receive the benefit of our expertise.