Today’s regulatory environment and compliance challenges make fiduciary oversight more important than ever before. Plan Sponsors can be held personally liable for losses caused by their decisions or actions as a fiduciary.
While fiduciary services are delivered by many of our Advisor and Corporate Trustee partners directly, BPAS Fiduciary Services can provide additional support when needed by a financial intermediary or plan sponsor. We can help with:
- ERISA 3(38) Investment Management Services: This provides the highest level of fiduciary protection available, as the entire burden of establishing and maintaining the Plan’s investment menu is delegated by the plan sponsor to BPAS Fiduciary Services.
- ERISA 3(21) Investment Advisory Services: For larger plans, we can serve as co-fiduciary and help establish and maintain the plan’s investment menu. This is a custom approach geared to the specific client.
We also offer special, 25 and 50 basis point level compensation programs for Registered Representatives who cannot act as a plan fiduciary, but want to provide clients with the benefits of this kind of program.