Press Release

Admin316 Unveils Enhanced Fiduciary Services for Modern Retirement Plan Management

Issued by Admin316

Jan. 24, 2025

Admin316, a leading retirement plan administration firm, has launched an expanded set of fiduciary services designed to help businesses streamline retirement plan management, ensure regulatory compliance, and reduce administrative burdens for sponsors of employer-sponsored retirement plans.

Corpus Christi, Texas - With over 25 years of experience in retirement plan administration, Admin316 is advancing its fiduciary services to address the growing complexities employers face in managing retirement benefits. The new approach integrates advanced compliance strategies, customized plan management solutions, and investment oversight services tailored to meet the needs of modern organizations.

Admin316 specializes in administering a wide range of employer-sponsored retirement plans, including 401(k), 457, 403(b), ESOPs, and defined benefit plans. Its fiduciary services are defined by core responsibilities outlined under the Employee Retirement Income Security Act (ERISA):

• ERISA Section 402(a) Named Fiduciary: Admin316 oversees the operation of retirement plans, ensuring fiduciary responsibilities are met.
• ERISA Section 3(16) Administrator: The firm manages daily operations such as participant communications, regulatory reporting, and compliance with legal standards, alleviating sponsors of these administrative burdens.
• ERISA Section 3(38) Investment Fiduciary: Admin316 assumes full responsibility for managing and monitoring retirement plan investments, ensuring alignment with participants' financial goals.

Russell McNorton, Administrator at Admin316, commented on the expanded offerings: "Today's regulatory landscape is complex, and employers need trusted partners to navigate these challenges. Our enhanced fiduciary services simplify plan management, helping sponsors meet compliance standards while ensuring their employees' retirement plans are protected."

Collaborative and Cost-Effective Solutions

Admin316 works closely with clients and their existing service providers to deliver cost-effective fiduciary solutions. By addressing legal and administrative complexities, the company reduces the workload for plan sponsors, enabling them to focus on their core business operations.

This comprehensive approach minimizes employer liability while providing employees with well-managed, compliant retirement plans. Admin316's new offerings are specifically designed to ensure every aspect of plan administration--whether operational or investment-related--meets the highest standards of fiduciary care.

"Our focus is on creating collaborative partnerships that allow businesses to operate confidently, knowing their retirement plans are compliant and effective," McNorton added.

Empowering Employers and Safeguarding Plans

Admin316's enhanced services are a response to the increasing demands placed on employers managing retirement plans. By assuming fiduciary responsibilities and providing expert oversight, the firm positions itself as a trusted partner for businesses navigating the complexities of ERISA compliance.

Employers partnering with Admin316 gain access to a team of experienced fiduciaries who prioritize integrity, precision, and long-term plan sustainability.

By utilizing Admin316's services, replacing any of your current providers is unnecessary. The company operates as the plan sponsor, managing daily operations, ensuring compliance, and reducing costs by a minimum of 32%.

About Admin316

Founded in 1997, Admin316 is headquartered in Corpus Christi, Texas, and is a premier provider of fiduciary services and retirement plan administration. The company specializes in employer-sponsored plans such as 401(k), 457, 403(b), ESOPs, and defined benefit plans. Admin316's expertise in ERISA fiduciary roles--including 402(a), 3(16), and 3(38)--allows businesses to fulfill their fiduciary obligations, maintain compliance, and provide employees with secure retirement solutions.

For more information, visit www.admin316.com

Editor's note: This press release has been issued by the company named above, not BenefitsLink. Reliance on information in this press release might be prudent only after an independent review of its accuracy, completeness, efficacy, and timeliness. Reference to any specific commercial product, process, or service by trade name, trademark, service mark, manufacturer, or otherwise does not constitute or imply endorsement, recommendation, or favoring by BenefitsLink.