Multnomah Group

Yes. Multnomah Group explicitly accepts fiduciary status under ERISA sections 3(21) and 3(38). As a 3(38) fiduciary, the firm can take discretionary investment authority over plan assets — a higher standard than 3(21) advisory, because it removes the plan sponsor from the interim approval chain on investment changes.

The firm consults across defined-contribution plans — including 401(k), 403(b) and governmental 457(b) plans — as well as defined-benefit plans. Multnomah's practice spans governance design, investment policy drafting, recordkeeper search and benchmarking, and ongoing performance monitoring.

Multnomah Group operates on a fee-based model — typically asset-based advisory fees or flat engagements for project-based work. The firm's disclosures emphasize that it does not accept commissions, 12b-1 fees or revenue-sharing payments, which would compromise its fiduciary posture under ERISA.

Erik Daley launched Multnomah Group in 2003 to offer plan sponsors a full fiduciary consulting option that was not attached to a broker-dealer or product-distribution platform. Daley remains the firm's CEO and principal voice on its published fiduciary-governance content.

No. The firm does not manufacture funds, offer model-allocation ETFs, or maintain a proprietary recordkeeping platform — a deliberate structural choice that removes conflicts of interest when selecting and monitoring plan investment lineups.