Fiduciary Governance

It can be a daunting task to be a fiduciary on your organization’s retirement plan, especially considering the seemingly ever-changing legal landscape. If your organization does not have the time, skills or resources to prudently execute and monitor its fiduciary responsibilities, it is imperative the organization seek an outside expert.

At Aurum, fiduciary governance and fiduciary responsibility are treated with utmost vigilance. Process and documentation are the foundation of successful plan governance; our team institutes fiduciary management and risk controls from the outset to ensure your organization is protected.

As fiduciary advisors, our team can provide independent expertise as either a 3(21) Fiduciary or as a 3(38) Fiduciary.

3(21) Services
Aurum acts as a co-fiduciary to your plan. In this capacity, our team works alongside your Investment Committee to make investment recommendations and monitor existing investments. Engaging a 3(21) Fiduciary provides a moderate level of fiduciary protection to your organization and committee members.

3(38) Services
Aurum acts as a full-scope fiduciary regarding the investment management of your plan. Hiring a 3(38) Fiduciary is the highest level of fiduciary protection under ERISA. Our team is responsible for the selection, monitoring and replacement of plan investments. In doing so, Aurum further insulates your organization and committee members from corporate and personal liability, respectively.

Are you searching for a leading 3(21) and 3(38) advisory firm? Please call us at 866-605-1901 or complete this form, and an Aurum representative will respond shortly.

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