Support for various functions of the plan are provided by a Registered Investment Advisor*.
Help with core fund selection, monitoring of core plan investments and managed model development.
An ERISA 3(38) Advisor performs tasks such as determining the investment roster, monitoring it ongoing, making and documenting changes, regulatory requirements, and more.
The plan sponsor(s) is protected from suits and liability for investment roster decisions when using a 3(38) Investment Advisor.
The plan investment advisor is generally responsible for the selection and monitoring of the core investment lineup.
The plan investment advisor works with plan participants to assist with retirement related questions and planning.
*Wellington Consulting Services, a registered investment advisor is affilated with Wellington Retirement Solutions, Inc.