Retirement Plans RETIREMENT PLAN SERVICES Ensure your plan aligns with your organization’s goals, is administered in accordance with your plan document, and complies with current regulations with our thorough review of your plan provisions.Advising you on your retirement plan as an ERISA fiduciary is one of our core services. It’s our focus and our passion. Serving as an ERISA fiduciary to your plan, our purpose is to help you position your employees on an exceptional path to retirement … when they want. Then, we will help mitigate liability for your plan fiduciaries.There are two main ways we engage as your plan consultant and investment fiduciary: ERISA §3(38) defines an “investment manager.” An investment manager is special type of fiduciary who has been specifically appointed to have full discretionary authority to make actual investment decisions. The manager may select, monitor, remove and replace the investment options offered under the plan. The §3(38) investment manager has responsibility and discretionary authority for the investment decisions. The plan sponsor/trustee retains the responsibility for vetting/monitoring the investment manager. A §3(21) investment advisor is a paid professional who provides investment recommendations to the plan sponsor/trustee. A §3(21) fiduciary has a duty of loyalty and must act in the best interest of plan participants and beneficiaries. In this arrangement, the plan sponsor/trustee keeps the final decision-making authority (and liability) for the selection, monitoring and de-selection of plan investments. So, the plan sponsor/trustee may accept or reject the recommendations of the advisor. As your fiduciary partner, Verity’s expert intermediaries are advocates for both plan fiduciaries and employees. You receive A team with decades of experience with ERISA and non-ERISA retirement plans, Industry-leading expertise, Independent and objective advice, Industry leading technology, and A "team of experts" approach. GET A COMPLiMENTARY INITIAL REVIEW TODAY