The Next Level of Outsourced 3(38) & 3(21) Fiduciaries

Many non-fiduciary advisors and record keepers are facing increased pressure from their retirement plan clients and prospects to offer a 3(38) or 3(21) fiduciary solution. On top of that, there is a growing market demand for outsourced fiduciaries to take a consultative approach when creating plan investment menus. Currently many fiduciary services simply provide a canned investment menu that does not satisfy employers who favor plan-specific attention.

At Fidelis we partner with non-fiduciary advisors to offer the next level of outsourced 3(38) and 3(21) investment fiduciaries. We do this by:

  1. Providing truly consultative and customized fiduciaryservices.
  2. Creating every investment menu from scratch after consultation with the non-fiduciary primary advisor. 
  3. Our investment advisory agreement is directly with the plan sponsor.  This gives the opportunity to use Fidelis with any record keeper, and to provide unbroken service if the plan changes from one record keeper to another.

“Fidelis is your partner, not a product.”

David M. Montgomery, AIF®, CRPS®

©2016 Fidelis Fiduciary Management, All Rights Reserved.

No strategy assures a profit or protect against loss.

The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual.

To determine which investment(s) may be appropriate for you, consult your financial advisor prior to investing.

For Advisors and Plan Service Providers use only — Not for use with Plan Sponsors, Participants, or the General Public. This information was developed as a general guide to educate advisors and plan service providers, but is not intended as authoritative guidance or tax or legal advice. Fidelis Fiduciary Management does not warrant and is not responsible for errors or omissions in the content of this newsletter.


The content is developed from sources believed to be providing accurate information. The information in this material is not intended as tax or legal advice. Please consult legal or tax professionals for specific information regarding your individual situation. Some of this material was developed and produced by FMG Suite to provide information on a topic that may be of interest. FMG Suite is not affiliated with the named representative, broker - dealer, state - or SEC - registered investment advisory firm. The opinions expressed and material provided are for general information, and should not be considered a solicitation for the purchase or sale of any security.

Investment advice offered through Resources Investment Advisors, LLC, an SEC-registered investment adviser.

This information was developed as a general guide to educate plan sponsors, but is not intended as authoritative guidance or tax or legal advice. Each plan has unique requirements, and you should consult your attorney or tax advisor for guidance on your specific situation. In no way does advisor assure that, by using the information provided, plan sponsor will be in compliance with ERISA regulations.