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A fiduciary has important decisions to make. Employees in the retirement plan are counting on the fiduciary to protect their savings and provide investments that are managed with their best interest in mind.
We use a multi-level process to analyze and monitor more than 25,000 funds. The result? The best-of-the-best investments for your retirement plan.
The amount of fiduciary responsibility you take on is up to you. But if you’re not prepared for time-consuming and potentially confusing plan management tasks, you can work with a retirement plan professional, who can take on the burdens and liabilities of a fiduciary. Hiring a CEFEX® certified ERISA 3(38) Investment Manager like FTF reduces your liability for investment decisions and takes work off your plate so you can focus on running your business.
Fiduciaries are legally and ethically required to put your interests first. From investment advisers to attorneys and physicians
Deposit funds into your VFX account securely. Rest assured that your financial activities are protected at all times.
New pool of potential investors who are looking to diversify their portfolios and explore innovative investment options.
We are a private firm with a history of focusing on our clients’ best interests
We provide access to teams of wealth planning, investment, trust, and other experts
Our investment approach is tax aware and customized based on your objectives. Everything we are, we became by not just meeting but exceeding the needs of our clients.
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An effective long-term plan for your assets should capture the drivers of wealth creation in a framework that’s designed to help achieve your goals. We believe investing via an asset allocation tailored to your risk and return objectives is the path to investment success over time. We serve as your partner in fulfilling your goals—crafting customized solutions with institutional-quality investment strategies—to preserve, grow and transfer your wealth in a highly tax-efficient manner.
Our trust and estate planning experts help you design and implement flexible, tax-efficient strategies to help preserve your wealth and help transfer it across generations. We work with you to ensure your assets are distributed according to your wishes, with safeguards in place for unexpected life events. We focus on minimizing estate taxes, protecting your legacy and supporting long-term financial security for your loved ones.
Nonprofit leaders are dedicated to their missions. We offer time-tested guidance on the intricacies of managing a globally diversified investment portfolio so you can focus on promoting your organization’s values. We serve as a partner to your board, investment committee and staff so you’re prepared to discuss decisions about investment strategy, manager selection, fundraising, grantmaking, program oversight and overall nonprofit administration.
Not able to find your answer here? just send us a message with any queries.
Contact UsIf you make decisions for your company’s 401(k), you are a fiduciary. Every retirement plan needs at least one trusted, reliable fiduciary, someone who works in the best interest of the plan and its participants. To better understand your role as a fiduciary, consider these common questions.
As a fiduciary, you’re expected to act prudently and to consider how your decisions will affect employees. It also means you need to have administrative systems in place that document your decisions and communicate important details to employees. If you don’t meet your fiduciary responsibilities, you may be liable for harm caused by your decisions. Fiduciary mismanagement could cost you and your company tens of thousands of dollars in legal fees and fines.
Being a fiduciary means you’re liable if something goes wrong with your plan. When considering your liability, understand:
-Ignorance is no defense in a court of law.
-A fiduciary is personally liable to make good on plan losses due to an ERISA provision breach.
-The Department of Labor may assess a civil penalty equal to 20% of the recovery amount.
-Individuals may be fined up to $100,000 and jailed up to 10 years for ERISA violations.
-Companies may face up to $500,000 in fines for ERISA violations.
There are three types of retirement plan fiduciaries:
-A 3(38) investment manager is a fiduciary who is responsible for plan investment decisions. Your responsibility is to select and oversee your fiduciary.
-A 3(21) investment advisor is a co-fiduciary, which means they make investment recommendations, but the ultimate decision is up to you and you’re still responsible and liable for the decisions made.
-A 3(16) administrative fiduciary is responsible for fulfilling specific administrative duties on behalf of the plan. For example, a 3(16) administrative fiduciary signs and files Form 5500 with the Department of Labor and approves loans. However, you are still responsible and liable for the decisions made.
Yes, you can outsource many fiduciary duties, including investment management and administrative tasks. Outsourcing fiduciary duties can reduce both your liability and administrative burden. Some retirement plan providers, third-party administrators, or record keepers offer fiduciary services. If you consider outsourcing with a fiduciary, find out exactly what services they offer and what responsibilities remain with you. Some leave critical duties up to you. Watch out for fiduciaries who:
-Have incentive structures that include revenue sharing or kickbacks.
-Don’t help and maintain a fiduciary audit file.
-Don’t offer fiduciary education for your plan committee.
As a 3(38) investment manager, FTF maintains the highest fiduciary standards and will partner with you to make sure you, your company, and your employees are protected.
