Employer-Sponsored
Retirement Plans

Guidance and Protection

We have a group within our organization that specializes in retirement plan fiduciary services for employers throughout the U.S.

A Turn-key Solution with Fiduciary Oversight!

Fiduciary oversight - Greatly reduced liability due to the shared fiduciary roles of the team

A Plan design aligned with the company culture and objectives

Advisor access custom designed to the plan sponsor

Diverse investments with no hidden fees

A team of seasoned financial professionals

Employer & participant savings

What Is Fiduciary Responsibility?

Bell Rock has a Professional Plan Consultant™ and AIFA® designation on our team to help you as a fiduciary. Many of the actions involved in operating a Plan make the person or entity performing them a fiduciary. Fiduciary status is based on the functions performed for the plan, not just a person’s title. Fiduciaries have important responsibilities and are subject to standards of conduct because they act on behalf of participants in a retirement plan and their beneficiaries.

These responsibilities include:

The duty to act prudently is one of a fiduciary’s central responsibilities under ERISA.
It requires expertise in a variety of areas, such as investments.

 

With these fiduciary responsibilities, there is also potential liability. One way fiduciaries can demonstrate that they have carried out their responsibilities properly is by documenting the processes used to carry out their fiduciary responsibilities.

What Is Fiduciary Responsibility?

ERISA 3(38) / ERISA 3(21)

Bell Rock Capital, LLC is appointed by the plan sponsor or trustee, accepts discretion over plan assets and assumes the fiduciary functions concerning decisions related to the plan assets. We make sure each Plan is operating with an Investment Policy Statement (IPS). As a 3(38) plan fiduciary, we have the responsibility and authority to select the investment options for the plan and decide if and when to make changes to the plan investments. As a 3(21), we would present the investments to the plan sponsor investment committee for them to vote and approve.