The person, persons (committee), or entity appointed by the employer to administer the Plan, or, if the Employer fails to make such an appointment, the Employer.

Here are just a couple examples:

Failure to distribute timely information to participants and beneficiaries.
Penalty of up to $1,100.00 per day per participant

"Prohibited Transactions" - Failure to use care, skill, prudence and diligence and not acting solely in the interest of participants and beneficiaries.
Penalty of 15% of amount involved each year violation exists

Yes! Fiduciary Guardian’s ERISA 3(16) Administrator System.

Permanent and accessible record of:

Participant contact information >
Delivery of required plan notifications >
Salary deferral, catch up and taxation elections >
Beneficiary designations >
Participation summary >
Investor risk tolerance evaluations >
On-line investment education >
Plan documents, participant communications and required notices >

Fiduciaries and participants have easy access to contact information. This information is maintained on-line by the participant. Every change made is date and time stamped and permanently maintained in the system. Close

All documents that are required to be delivered by notification are required to be viewed by the participant. All electronic delivery is date and time stamped and maintained in the system. Participant may print or request hard copy of each required notification. Close

Dynamic forms direct participants through steps for salary deferrals, catch-up and taxation elections by intuitively and automatically identifying the information required for completion of proper 401(k) enrollment. Close

Participants are guided through the various conditions associated with designating their beneficiaries that automatically populate or update the appropriate designations based on personal profile information recorded for each participant. Close

A concise, one-page summary is automatically generated, capturing salary deferral elections, beneficiary designation, required documents/notifications, risk score and risk classification, and education, any time the participant updates or makes changes to that information. This provides a convenient record for the participant to save or share with the 401(k) administrator. Close

Participants are guided through easy steps to establish and evaluate their tolerance for risk when making investments in their plan. Their risk score and evaluation form the basis for their plan investments. Close

One of the most comprehensive, yet simple to use online investment education programs available is an integral part of Fiduciary Guardian. Brief narrated slide presentation segments with helpful graphics and charts make financial education available to participants anytime... even from their home. Close

Integral to Fiduciary Guardian is instant, 24-7, downloadable access to relevant documents, communications, notices, and forms that create a written history of fiduciary actions and plan rights, benefits, and features. All of the above can be uploaded to the system for permanent storage and easy access. Close

Don't take our word for it, see for yourself...Preview On-line Education or Register to set up an account for a glimpse of this complete fiduciary, administrator and educational system. Then you can see just how Fiduciary Guardian makes all other conventional 401(k) education and administrative systems obsolete!

Advantages for
Employer Fiduciaries,
ERISA 3(38) Fiduciaries,
ERISA 3(21) Fiduciary Advisors

Satisfies fiduciary responsibility to provide prudent investment education
Eliminates employee time spent during the workday
Enhances employee education better than on-site meetings
Reduces plan sponsor and plan participant costs
Delivers a more thorough and consistent education message

Click here for more details

Advantages for
Employees:
24/7 access to
enrollment and education

Receive your retirement financial education in the privacy of your own home
View the class sessions when you like, as often as you like... at your convenience
Acquire answers to your investment questions
Generate your investor profile and determine your risk tolerance score
Learn how to properly invest in less than fifty minutes
Request a Personal Portfolio recommendation

Employees: Tell your employer to enroll you in this dynamic investment education program.

Advantages for Employer Fiduciaries, ERISA 3(38) Fiduciaries, ERISA 3(21) Fiduciary Advisors

Advantages for Employees: 24/7 access to enrollment and education

Advantages for
Employer Fiduciaries,
ERISA 3(38) Fiduciaries,
ERISA 3(21) Fiduciary Advisors

Advantages for
Employees:
24/7 access to
enrollment and education