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View More American Society of Pension Professionals & Actuaries [ASPPA] Webcasts and Conferences

I'm a 3(16) Fiduciary. Now What?

American Society of Pension Professionals & Actuaries [ASPPA]

Sept. 9, 2020
2:00 p.m. - 2:50 p.m. ET

3(16) administration has been around for a few years now and the pressure on TPAs to do this work remains.  Is this just a fad, or is it here to stay?  What services are people performing under this model?  What are the advantages and disadvantages to a client of having 3(16) services performed?  And, most importantly, what are the positive attributes and challenges faced by TPAs who do this work?  

Ilene Ferenczy, who focuses much of her practice on advising TPAs and other service providers to plans, will address these questions and more.

Learning Objectives:

  • Determine the type of 3(16) administrator you are or want to be.
  • What must I do to make sure I take on only the liability I’m willing to accept?
  • Changes in your firm – how to handle these new duties.
  • Separate company for 3(16)?  Why or why not?
  • Don’t let this happen to you: 3(16) pitfalls to avoid.

Speaker:  Ilene H. Ferenczy, Esq., CPC, APA, Managing Partner, Ferenczy Benefits Law Center

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