Fahey Retirement Partners

Under ERISA Section 3(38), Fahey Retirement Partners accepts full discretionary authority and legal responsibility for the selection and ongoing monitoring of a retirement plan's investment lineup. This differs from a 3(21) advisor, who typically makes recommendations but leaves final decision authority and liability with the plan sponsor. The practical effect is that the employer transfers investment-selection fiduciary risk to the firm, which must document a prudent process for choosing, retaining, and replacing plan investments consistent with Department of Labor regulations.

Based on standard fiduciary consulting practices reflected in public Department of Labor advisory opinions and industry white papers, the firm likely constructs streamlined investment lineups using low-cost institutional share classes, collective investment trusts, target-date series, and stable-value options. The emphasis is on fee levelization, participant diversification, and regulatory compliance rather than active manager concentration. The firm has not published specific fund-family affiliations or proprietary model portfolios.

The firm provides participant education and retirement-readiness assessments as part of its service model, which typically includes group enrollment meetings, online planning tools, and one-on-one guidance sessions. However, any individualized investment recommendations to participants would fall under separate advisory arrangements and regulatory disclosure requirements that the firm has not detailed in publicly available materials.

No public record of audited performance data or aggregate plan-participant outcome metrics is available. Unlike registered mutual funds or CITs, retirement-plan advisory performance is typically measured by plan-level metrics such as participation rates, average deferral percentages, and fee benchmarking, which the firm has not disclosed externally. Prospective clients would need to request verification directly through a request for proposal.

The firm's specific fee model has not been publicly disclosed. Common compensation structures for ERISA 3(38) fiduciaries include asset-based fees, fixed retainers, or per-participant charges. The Department of Labor requires all direct and indirect compensation to be disclosed to plan sponsors under the 408(b)(2) fee disclosure rule, so any engagement with the firm would include a detailed breakdown of compensation arrangements in its service agreement.