401K Advisory Group

Under ERISA Section 3(38), a named fiduciary can delegate full discretionary investment authority to a qualified manager. 401K Advisory Group accepts that delegation, taking on the legal liability for selecting, monitoring, and replacing plan investment options. The firm documents all decisions in a written investment policy statement specific to each plan, shielding the employer from fiduciary breach claims related to fund performance or fee levels.

No. The firm functions as a dedicated retirement plan advisor and does not offer individual wealth management, brokerage services, or private banking. This separation avoids the common conflict where an advisor selects plan funds partly to cultivate a high-net-worth personal client. All compensation comes from direct, disclosed fees tied to plan assets or a fixed retainer.

The firm primarily manages 401(k) plans, including safe harbor and traditional structures, as well as associated profit-sharing plans. It can also advise on defined benefit and cash balance plans through relationships with actuarial partners, though its core book is contributory defined contribution plans for companies with 20 to 500 employees.

As an ERISA 3(38) manager accepting full legal responsibility, the firm maintains professional liability and fiduciary insurance coverage. This policy is distinct from the plan's own fiduciary liability insurance, providing an additional layer of financial protection for the sponsoring employer in the event of a breach finding.