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3(16) Services2024-04-03T19:19:21+00:00
3(16) Services

Let us take on your retirement plan responsibilities, risks and administrative burdens

When you add a 3(16) administrator to your retirement plan team, you benefit from expert supervision to avoid the most common plan mistakes, and an administrative partner who takes on many time-intensive plan tasks.

Already a Plan Sponsor with Definiti?

We put a trusted co-fiduciary in your corner.

Definiti’s 3(16) fiduciary services, powered by The Fiduciary Studio, are the smartest way to run your retirement plan. A 3(16) administrator works seamlessly with TPA’s like Definiti to give plan sponsors the extra support you need to administer your plan.

Definiti’s 3(16) fiduciary services, powered by The Fiduciary Studio, are the smartest way to run your retirement plan. A 3(16) administrator works seamlessly with TPA’s like Definiti to give plan sponsors the extra support you need to administer your plan.

Credentialed experts

ERISA attorneys, ASPPA-certified consultants, fiduciary and compliance specialists with decades of experience.

Qualified to fulfill fiduciary duties

Every 3(16) fiduciary administrator acts as your “prudent expert” on ERISA regulations and meets the high standards of conduct required by the DOL.

Complete compliance

Dedicated relationship managers backed by technology ensure your payroll data is error-free and eligible participants are invited to enroll in your plan.

No TPA? No problem

The Fiduciary Studio’s 3(16) services can also be added to bundled plans that don’t have a TPA.

Credentialed experts

ERISA attorneys, ASPPA-certified consultants, fiduciary and compliance specialists with decades of experience.

Qualified to fulfill fiduciary duties

Every 3(16) fiduciary administrator acts as your “prudent expert” on ERISA regulations and meets the high standards of conduct required by the DOL.

Complete compliance

Dedicated relationship managers backed by technology ensure your payroll data is error-free and eligible participants are invited to enroll in your plan.

No TPA? No problem

The Fiduciary Studio’s 3(16) services can also be added to bundled plans that don’t have a TPA.

Credentialed experts

ERISA attorneys, ASPPA-certified consultants, fiduciary and compliance specialists with decades of experience.

Qualified to fulfill fiduciary duties

Every 3(16) fiduciary administrator acts as your “prudent expert” on ERISA regulations and meets the high standards of conduct required by the DOL.

Complete compliance

Dedicated relationship managers backed by technology ensure your payroll data is error-free and eligible participants are invited to enroll in your plan.

No TPA? No problem

The Fiduciary Studio’s 3(16) services can also be added to bundled plans that don’t have a TPA.

Who benefits from hiring a 3(16) Fiduciary?

Plan sponsors have a fiduciary responsibility to a company’s retirement plan. You can avoid common mistakes – and the associated penalties – when you add a 3(16) administrator to a plan. Add a 3(16) administrator if you need:

Plan sponsors have a fiduciary responsibility to a company’s retirement plan. You can avoid common mistakes – and the associated penalties – when you add a 3(16) administrator to a plan. Add a 3(16) administrator if you need:

Partnership

To help with administrative tasks like payroll uploads, participant notices, determining eligibility and notifying eligible employees of the opportunity to enroll

Perspective

For those who are new to retirement plan administration, a 3(16) administrator can be your expert in the back office

Compliance

Alleviate concerns about the fiduciary responsibilities to keep a retirement plan in compliance with the DOL and IRS

Improvement

After failed compliance testing or you need to submit a corrective filing to the Department of Labor

Read more:

Expert partners, dependable guidance

Our retirement plan experts guide employers from the start.

  • Ongoing administrative support
    Review employee enrollment eligibility, distribute of participant notices, and approve participant loans and withdrawals

  • Regular ERISA updates
    Commentary from our in-house ERISA attorneys and actuaries on complex regulations and legislative changes

  • Continuous compliance review
    Support on nondiscriminatory allocations, disclosure notices, and sign-and-file of all required government forms, including Form 5500

  • Track participant eligibility
    Assist with tracking long-time part-time employee eligibility to meet SECURE 2.0 regulations

The ERISA Connection

Check out our commentary on the legislative and regulatory changes that may impact your retirement plan.

Services that make your plan better

Comprehensive retirement plan solutions ensure your workplace retirement plan works the way it should.

Working on 401(k)s, 403(b) and cash balance plans, our dedicated retirement plan consultants work closely with plan sponsors on a complete list of administration and compliance activities throughout the year.

Plan sponsors can outsource many of the more time-intensive retirement plan tasks with the help of The Fiduciary Studio as a 3(16) administrator.

Our in-house specialists work closely with defined contribution and defined benefit plan consultants to identify challenges, recommend solutions and follow the strategy that meets your organization’s needs

Our open-architecture recordkeeping service includes the iJoin participant education program for easy online enrollment along with a personalized, goal-based experience designed to increase participation rates.

You receive distribution processing, actuarial consulting, and access to our friendly participant call center to assist plan participants, resulting in cost-effective pension administration that delivers results.

Let’s Get Started

New to Definiti or need more information? Are you a Definiti customer interested in learning more about our 3(16) services? Let’s talk.

Let’s Get Started

New to Definiti or need more information? Are you a Definiti customer interested in learning more about our 3(16) services? Let’s talk.

Get Started
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