Independent fiduciaries are professional decision makers. They are appointed by sponsors of pension, profit sharing, 401(k), or Employee Stock Ownership Plans (ESOPs) to be the primary responsible party over a plan. That enables a plan sponsor to focus on running their business. It also removes potential conflicts of interest and concerns about satisfying fiduciary duties and processes, hiring and monitoring service providers, etc.
Independent fiduciaries play an important role in the nation's retirement system. Employers that utilize an independent fiduciary seek an increased measure of confidence and certainty that their plan(s) are being handled with honor and precision; that their employees are being protected by an undivided loyal party.
There are benefits in having an appointed, independent decisionmaker.
Working closely with your team of existing service providers, I can increase your employee's future retirement benefits by up to 40% and virtually eliminate your day-to-day risk as Plan Sponsor, along with any significant probability of being sued in the future.