"There is a new breed of service provider arising in the marketplace that positions itself as an added layer between the employer and other service providers. Contrast that business model with that of a discretionary trustee, which chooses the investments rather than choosing a person to choose the investments. Or contrast it with the business model of a 'working' 3(16) administrator which not only accepts the fiduciary role but actually performs the administrative functions, rather than hiring a TPA. Both business models can be extremely helpful to an employer and both are valid."  MORE >>