Group Retirement Plans
Under the Employee Retirement Income Security Act of 1974 (ERISA), plan sponsors (company owners, HR directors, etc.) are held to a high standard of care relating to the decisions and administration of company retirement plans. Having a well-designed fiduciary process and more importantly, adhering to it, can give you confidence that you are complying with ERISA’s rigorous standards.
Our experience tells us that many companies do not fully understand their fiduciary responsibilities and are therefore unaware if they are managing their plan prudently. To help meet fiduciary responsibilities as set forth by ERISA, most employers will hire a retirement plan advisor. That advisor can serve in a 3(21) and/or 3(38) fiduciary capacity and help in critical areas such as:
Independent investment due diligence – provides you the ability to evaluate, select, and monitor funds without conflict of interest
Fee benchmarking and vendor search – allows you to compare how reasonable and competitive your plan is in the marketplace as it relates to cost, services, and investment opportunities
Fiduciary guidance – best practices and solutions to help protect the fiduciaries of your plan
Education – meet 404(c) requirements with adequate investment education for plan participants
Grillo & Associates has the knowledge, background, and resources needed to address and meet your needs. We understand the various concerns that employers have and we look forward to providing the care and service that you, your company, and your employees deserve.
Registered Representative, Securities offered through Cambridge Investment Research, Inc., a Broker/Dealer, Member FINRA/SIPC. Investment Advisor Representative, Cambridge Investment Research Advisors, Inc., a Registered Investment Advisor. Cambridge and Grillo and Associates are not affiliated.
This communication is strictly intended for individuals residing in the states of AL, AZ, CA, CO, CT, FL, GA, IL, IN, MA, MD, ME, MI, MN, MS, NC, NY, OH, OR, PA, SC, TN, TX, VA, WV. No offers may be made or accepted from any resident outside the specific states referenced.
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205 Lee Street | Carrollton, Georgia 30117 | Phone: (770) 214-0714 | Toll-free: (888) 827-5024 | Fax: (770) 214-9933