Financial Expert Witness - Securities Expert Witness, FINRA Expert Witness
401k Consulting Minneapolis
Financial Road Map
Minneapolis Wealth Management | Minneapolis Investment Advisor

Recent Posts

June 10, 2020

Please reload

Co-Fiduciary to Your Qualified Retirement Plan

November 17, 2014

Increasingly, participants in qualified retirement plans want customized investment options and advice. While smaller plan sponsors may let plan participants self-direct their investments, self-direction without appropriate guidance invites other problems.

 

The Pension Protection Act of 2006 permitted a wider range of investment options within qualified plans. Businesses may now arrange to have a third party serve as a 3(21) fiduciary at the participant level under an eligible investment advice arrangement. This way, plan participants can choose to receive professional investment advice about their investment options.

 

Having a 3(21) fiduciary in place mitigates potential liability for other plan co-fiduciaries. It gives participants a chance to customize investment choices with a third-party money manager and relationship manager as the adviser. The 3(21) fiduciary can also offer the business non-discretionary recommendations about the selection, replacement and monitoring of investments in the plan.

 

Hiring a co-fiduciary for your plan may be the smartest move you can make. It may promote greater participation, a better participant understanding of the plan’s investment options and their potential and even easier plan administration.

 

How much does your plan actually cost? How well do your employees understand their investment choices? If you can’t confidently answer these questions, you may want to seek the advice of an experience investment professional. 

Please reload

Financial Plan | Personalized Report | Financial Advisor - Minneapolis

Barrington's Financial Blog

INVESTMENT RISK SCORE.png

 About    |    Our Services    |    Financial Planning    |    Employer Retirement Plans    |    Contact

Litigation Support    |    Expert Witness    |    Pro Bono Services    |    Careers       

Barrington Capital Management, Inc.  |  3800 American Boulevard West  |  Suite 1110  |  Bloomington, MN  55431

952-835-1000   800-944-2419  |   Fax: 952-835-1504  |  Info@BarringtonCap.com

 

Barrington Capital Management, Inc. only conducts business in states and jurisdictions where it is registered or where an exemption from registration exists. This site and its contents do not constitute investment advice or a solicitation to sell securities. Past performance is not indicative of future results. This website is for informational purposes only and Barrington Capital Management, Inc. reserves the right to modify it at any time without notice. Copies of Barrington Capital Management Inc.’s Form ADV Part 2 are available upon request. Images and photographs are included for the sole purpose of visually enhancing the website. No photographs are of current or former clients and they should not be construed as an endorsement or testimonial from any of the persons in the photograph.

All materials used on this site, including all images, are copyrighted and are protected worldwide by copyright laws and treaty provisions. They may not be copied, reproduced, modified, published, uploaded, posted, transmitted, or distributed in any way, without Barrington Capital Management Inc.'s prior written permission.

Neither Barrington Capital Management, Inc., nor any of their Investment Adviser Representatives, provide tax or legal advice. Tax and legal advice should only be obtained from a qualified professional. All written content on this site is for informational purposes only. All information and ideas should be discussed in detail with an advisor prior to implementation. Examples from our news feeds, blogs or articles do not take into consideration commissions, investment management fees, miscellaneous transaction fees, tax considerations, or margin requirements, which are factors that may significantly affect the economic consequences of a given strategy. Investors should review transaction costs, margin requirements and tax considerations with their financial or tax advisor before entering into any investment or financial planning strategy. Material presented is believed to be from reliable sources; however, we make no representations as to its accuracy or completeness.

Investment Advisory services are offered by Barrington Capital Management, Inc., a Registered Investment Adviser in the states of Minnesota and Texas. Barrington Capital Management, Inc. may utilize the services of First Ascent Asset Management, LLC for certain investment portfolios. Insurance products and services are also offered through Barrington Capital Management, Inc. 

 

Disclosure: Barrington Capital Management, Inc. is not a law firm. Robert D. Lawson and his associates are not practicing attorneys. The scope of any activities performed by Robert D. Lawson, subcontractors or employees of Barrington Capital Management, Inc. is limited to litigation consulting and litigation support.​

By using this website, you agree to our Terms of Service and Privacy Policy.

Business Continuity Plan

Copyright © 2020 Barrington Capital Management, Inc.  |  A Registered Investment Adviser  |  All Rights Reserved