ERISA 3(16) fiduciary services

Get a 401(k) partner that meets the Department of Labor’s gold standard for plan administration and compliance coverage.

ForUsAll — Handling 3(16) fiduciary services

Get more from your 401(k) advisor. We are proud to offer full ERISA 3(16) fiduciary services to take on the work and liability for administering your company’s 401(k). ForUsAll manages everything from the day-to-day operations on your plan to the completion and signing of the Form 5500 on your behalf.

Want to lower your administrative workload and liability?

Schedule a Call now

Why we offer 3(16) Fiduciary services

We believe technology and compliance expertise can virtually eliminate the administrative risk that comes with offering a 401(k) plan.

So, we built a powerful 401(k) plan administration platform that meets the highest ERISA 3(16) fiduciary standard and solves the hard, complicated compliance issues through:

  • Payroll integration
  • Customer-centered design
  • A technology platform built to meet the latest compliance standards

How we elevate 3(16) Fiduciary services

We relentlessly build smarter plan administration tools

We’re focused on creating the best 401(k) experience for plan sponsors - one that considers the role of the HR, benefits, and finance teams working behind the scenes to administer a 401(k) plan.

To achieve this, we built robust payroll integration that connects with over a dozen cloud-based payroll providers, eliminating manual work. And your plan will have automated compliance checks that run continuously to proactively fix and correct issues that may come up on the plan.

We make plan administration core to our 401(k) practice

We believe plan sponsors should not have to shoulder the burden of risking compliance errors and heavy plan administration work in order to offer a 401(k) plan.

Rooted in this belief, we offer full 3(16) fiduciary services on all of our plans, no matter the size. And we relieve our client of the work and liability for the following plan administration responsibilities:

  • Review, process, and monitor all 401(k) loans
  • Maintain plan documents for IRS/DOL laws
  • Track employee eligibility and send the right notices and disclosures.
  • Review, approve, process, and document all hardship withdrawals
  • Make sure your employee communications meet the Department of Labor's requirements.
  • Make sure nondiscrimination tests were run appropriately, then review, sign, and submit IRS filings (especially your Form 5500).
  • Make sure 401(k) plan rules are followed (example: making sure contributions are legitimate, tracking loans, etc.)
  • Notify plan administrator of any observed plan irregularities
  • Ensure plan administrator maintains fiduciary insurance and a sufficient fidelity bond
  • Ensure employee contributions are processed correctly and credited to employee accounts quickly.
  • Manage and send participant notices and disclosures, including: Annual 404(a)(5) notices, Annual Qualified Default Investment Alternative (QDIA), Safe harbor notices, Summary annual reports, & Summary of material modifications
  • Go beyond a basic 401(k)

    Give your employees more than just a 401(k), join the movement.

    Happy employees with a 401(k) they deserve offering more choice more growth.
    Join our newsletter to stay up to date on features and releases.
    By subscribing you agree to with our Privacy Policy and provide consent to receive updates from our company.
    Thank you! Your submission has been received!
    Oops! Something went wrong while submitting the form.
    This material has been prepared for informational and educational purposes only and should not be construed as a recommendation by ForUsAll, Inc., its affiliates or employees (collectively, “ForUsAll”)  to activate a cryptocurrency window or invest in crypto.  Investing in crypto can be risky and investors must be able to afford to lose their entire investment.  You should consult with your own advisers before activating a cryptocurrency window or investing in crypto.  ForUsAll does not provide legal, tax, or accounting advice. Please refer to your Plan's fee disclosure for more details.© 2023 ForUsAll, Inc. All rights reserved.
    1 Schwab 2022 401(k) Participant Study - Gen Z/Millenial Focus, October 2022.
    2 As of 12/31/2022. Employees include both current employees and terminated participants with a balance.
    3 "Morgan Stanley At Work: The Value of a Financial Advisor" Morgan Stanley, March 2022.
    4 Sarah Britton was a client when she provided this testimonial through an independent third party review website. She received no compensation for her remarks. There are no known conflicts of interest in the provision of her comments related to the services provided.