ERISA 3(38) fiduciary services

ForUsAll’s investment advisory team takes on full responsibility for selecting and monitoring your company’s 401(k) investments

ForUsAll — Protect employees with 3(38) investment fiduciary services

After our consultants have helped find your company the right recordkeeper and fund lineup, we’ll plug our cloud-based software into your existing HR software, connecting your payroll with your 401(k).

Ready to work with an investment fiduciary?

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Why we offer 3(38) Fiduciary Services

ERISA 3(38) is in our DNA. We’re an independent advisor to ensure we stay conflict-free as we work with you to find the right recordkeeper and investments. We believe if you hire an investment advisor for your 401(k) plan, that investment advisor should take the liability and fiduciary responsibility for the investment advice given on the plan. Not the employer, and not employees.

With experience managing over $50 billion in retirement income assets and over a decade of work building financial models to build retirement income streams, the ForUsAll advisory team considers offering 3(38) investment fiduciary services just the beginning of how we help.

We saw a need for a different kind of 401(k) advisor, and we knew it would take a different kind of company to build it.

We take on the work and liability for investments as a 3(38) Investment Fiduciary

Using our ERISA 3(38) fiduciary expertise, we put your employees’ interests first as we select, monitor, and manage the investment options in your 401(k) plan. And we put in writing all of the liability we assume on your behalf.

We’re focused on driving down fees for more Americans and helping employees put more of each paycheck away for retirement. To achieve this, we research, analyze and select an investment menu that will enable participants to create diversified investment portfolios according to varying risk tolerance, savings time horizon, and other employee financial wellness goals.

Ready to work with an investment fiduciary?

Schedule a Call now

Why hire an expert in 3(38) Fiduciary services?

The Department of Labor requires defined contribution retirement plan sponsors to offer prudent investment options, and regularly assess investment performance and appropriateness for the plan’s participants.

A prudent investment fiduciary establishes an investment policy statement for the plan stating the underlying principles on how the plan investments will be chosen and reviewed. With investment policy statement in hand, the fiduciary would then analyze investments, paying close attention to:

  • Investment Style
  • Investment fees
  • Market and fund volatility
  • Overall fund and portfolio performance

Any investments that no longer seem prudent should be placed on an investment watch list or removed altogether. This should be done regularly to provide appropriate investment selections and reduce legal liability. Since DOL audits happen, the fiduciary needs to regularly review and carefully document the process and decisions related to the investments in the plan.

Unless your company has hired an advisor who is acting as a 3(38) fiduciary, the role of the fiduciary rests on your company’s shoulders.

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.
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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.