“Can we get sued?”

With the 2012 arrival of increased Department of Labor disclosure requirements, your company’s 401(k) plan is now under increased scrutiny. Regulatory actions are on the rise. Participants are increasingly sensitive to excessive costs dragging on their returns.
Plan sponsors can be held personally liable for any shortcomings.
The Rockbridge Remedy: As your ERISA 3(38) fiduciary Registered Investment Advisor ally, Rockbridge offers a strong, multifaceted defense against fiduciary risks.

  • We offer independent, objective benchmarking services – to scrutinize the costs and other potential risk points within your existing plan.
  • We take on most of your fiduciary liability – Plan sponsors remain responsible for selecting and monitoring the quality of their plan provider(s), but as a Registered Investment Advisor firm, Rockbridge serves as your ERISA 3(38) fiduciary advisor, shifting fund choice selection, monitoring and related liabilities from your plate to ours.

This is in stark contrast to many of the large, broker/dealer plan providers, who may speak of fiduciary care in comforting, general terms within their glossy marketing materials … only to disclaim the responsibilities in the legal fine print of your service agreement.

  • We offer strong guidance on remaining obligations – For those fiduciary duties that remain under your control, we offer seasoned advice, information and processes, based on our solid experience managing 401(k) plans since 1991.

Back to 401k Administration