As a sponsor of a retirement plan, you are a fiduciary to the plan and its participants. We can help you with that responsibility by offering a number of fiduciary services options in collaboration with your advisor to address the goals of the plan and level of risk you would like mitigated.
Plan sponsors can reduce their fiduciary liability regarding the investments of the plan by delegating those responsibilities to a 3(38) Investment Manager. That 3(38) Investment Manager, under ERISA 403(a)(2), retains the authority to select, manage and remove the assets of the plan on behalf of the plan sponsor, participants, and their beneficiaries.
American Trust serves as a 3(38) Investment Manager to certain clients on the American Trust recordkeeping and custodial platforms.
As a 3(38) Investment Manager, American Trust: