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Do Most 401(k) Plan Sponsors Use a 3(38) or a 3(21) Adviser?
Fiduciary News; free registration required Link to more items from this source
Aug. 20, 2019

"[S]ome 401k plan sponsors are playing 'catch-up' with regard to provider choice as the new emphasis on 'fiduciary' has them replacing service providers with outdated business models. A 3(21) option represents a smaller, bite-size step on the fiduciary ladder.... As the advantages to plan sponsors have become clearer to service providers, there's been a greater push by those on the vanguard towards the 3(38) arrangement. "

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