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Should You Hire An ERISA 3(38) Fiduciary to Make Independent Investment Decisions?
Greenspring Advisors 
Feb. 26, 2019 "An ERISA 3(21)(ii) fiduciary makes investment recommendations to plan fiduciaries (e.g., committee members) who either approve or reject them while an ERISA 3(38) Investment Manager has the authority to make investment decisions without the approval of other plan fiduciaries.... [R]egardless of whether you hire an advisor in a 3(21) or 3(38) capacity, the advice and process should really be the same." MORE >> |
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