…and lower-risk environment to operate in. With a 3(16) fiduciary in place, everyone can stay focused on their core responsibilities without accidentally stepping into fiduciary territory. The Reluctance Around Fiduciary Responsibility Many third-party service providers go out of their way to avoid fiduciary responsibility— understandably…
…banks now partner with an external fiduciary to manage plan governance and administration more effectively. Why Outsourcing 3(16) Fiduciary Duties Is a Strategic Move Outsourcing administrative fiduciary responsibilities under ERISA Section 3(16) represents a fundamental shift in accountability. A true 3(16) fiduciary provides the following…
…successful advisory relationships increasingly rely on coordination and role clarity among advisors, recordkeepers, plan sponsors, and other fiduciary service providers. 3(16) fiduciary outsourcing is one service advisors may want to evaluate as they look to balance fiduciary oversight, administrative demands, and growing client expectations—without assuming…
…Outsourcing show that administrative fiduciary outsourcing is no longer viewed as an optional enhancement. It is increasingly recognized as a core governance strategy. According to our study, more than 80% of advisors view 3(16) fiduciary outsourcing as a retirement plan best practice. Yet fewer than…
…the overall health of the retirement plan. Pentegra’s Fiduciary Lens At Pentegra, we believe the best Form 5500 filing process begins long before filing season. Our fiduciary-driven approach combines administrative expertise, data oversight, governance support, and 3(16) fiduciary services to help sponsors reduce complexity and…
…more consultative, governance-focused position. But there’s a practical challenge. Most advisors don’t have the time—or desire—to take on deeper administrative oversight and fiduciary liability. Why Fiduciary Risk Is Now the Conversation Administrative errors, missed deadlines, and compliance gaps are no longer just operational issues—they’re fiduciary…
…plan client is helping them reduce their fiduciary liability and administrative burden—and this is where an ERISA 3(16) fiduciary partner becomes invaluable. Why a 3(16) fiduciary matters: Most plan sponsors don’t realize the extent of their fiduciary responsibilities, especially around plan administration. A 3(16) fiduciary…
…the importance of working with experienced fiduciary partners becomes even more pronounced. Advisors should evaluate MEP providers based on governance discipline, operational expertise, and fiduciary depth—not just pricing. With decades of fiduciary experience and deep institutional knowledge across both MEPs and PEPs, Pentegra provides advisors…
…of organizations have entered the PEP ecosystem—each offering different models, capabilities, and levels of fiduciary support. For advisors, helping clients select the right PEP partner is a critical differentiator. Key considerations include: Depth of fiduciary experience Governance and compliance infrastructure Operational scale and consistency Transparency…
…don’t assume any more fiduciary liability than before. They still get to perform the nonfiduciary functions that they have always done. But now they have a partner who is willing to assume fiduciary responsibility. Now they can help lift the plan sponsor’s administrative burdens by…
…and their advisors can address plan administrative complexities, mitigate fiduciary liability, and improve plan outcomes with the help of a professional outsourced 3(16) fiduciary. Attend this course to understand the ins and outs of an outsourced 3(16) fiduciary arrangement, when it makes sense for a…
…and service agreements. Plan officials are faced with analyzing and interpreting numerous documents from multiple entities. By creating a governance process, plan officials can help ensure plan operations are consistent and adhere to fiduciary standards. *Disclaimer: This recording is not eligible for Continuing Education Credits….