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.

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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
Learn about the 3(16) services that come with your ForUsAll plan!
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1. Based on ForUsAll client data as of February 2019
2. ForUsAll carries professional liability coverage of $5,000,000 which covers our ERISA plan advisory services. See our standard plan services agreement for more details.
3. ForUsAll plan fees on LT Trust as compared to the 401(k) Book of averages from 2018, 19th edition. Actual plan savings may vary and could be less than 43%.

Note: ForUsAll 401(k) Logo Use Disclaimer: Any product names, logos, brands, and other trademarks or images featured or referred to on the ForUsAll website are the property of their respective trademark holders. These trademark holders are not affiliated with ForUsAll, our products, or our websites. The logos represent ForUsAll customers who have approved their logo use or are posted to represent the ForUsAll payroll integration capabilities with ADP, Paychex, Gusto, Namely, TriNet, Intuit, Quickbooks, and other providers. They do not signify endorsement by those companies. Fee estimates produced with our pricing calculator are intended as ballpark estimates and may vary based on workforce demographics, recordkeeper partnerships, and plan design. Based on your company’s size, we will provide up to three non-binding estimates. To get an exact quote, talk to us today.