Responsibilities of being a plan sponsorFINANCIAL PLANNING
as you know, there’s a lot to know.
You got into business because you have an expertise, talent and knowledge related to your business. But as soon as you become a plan sponsor by offering a retirement plan to your employees, you are suddenly thrust into wearing another hat that you, in all likelihood, don’t have time to wear – that of being a fiduciary.
An investment fiduciary is someone who is managing the assets of another person and therefore stands in a special relationship of trust, confidence, and/or legal responsibility. The Prudent Practices represent a standard of excellence that can be the foundation of the trust placed in them by investors.
How happy are you with your current plan?
Are you gettting the service you deserve? At Anchor Bay, we pride ourselves on our personal service. We treat our clients as we would like to be treated. But you don’t have to take our word for it. We have a slew of testimonials that prove we do an outstanding job. Another question to ask yourself is how satisfied you are with the fees you’re paying. Once you do your homework, you may find that you’re being charged a lot more than you should. At Anchor Bay, we’re totally transparent, and we’re happy for you to compare our fees to the ones you’re currently paying.
AS A 3(38) FIDUCIARY, WE CAN assume THE RESPOnSIBILITY FROM YOU.
Anchor Bay Capital, Inc. is a Department of Labor “ERISA” 3(38) Fiduciary.
An investment fiduciary is someone who is managing the assets of another person or entity and therefore stands in a special relationship of trust, confidence, and/or legal responsibility.
We are independent and don’t sell investment products or earn commissions. And we are not controlled by any broker/dealer, insurance company, or financial services organization. We act solely in the best interest of your participants. It is our strong belief that plan participants and sponsors value our objectivity and benefit from our independent approach.
As an investment advisor Anchor Bay Capital, Inc. can serve as a fiduciary of your plan under ERISA, if applicable. Plan sponsors who hire Anchor Bay Capital, Inc. may obtain one or more fiduciary safe harbors, including liability protection under ERISA’s Investment Manager Provisions.
Additionally, our Professional Management Program meets the Department of Labor’s Qualified Default Investment Alternative (QDIA) criteria. As a managed account, it’s the only type of QDIA that can offer full safe harbor protection to those plans that include company stock.