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3(21) & 3(38) Fiduciary

Under ERISA, anybody who exercises any discretionary authority or discretionary control of a plan is named as a Fiduciary. Set yourself apart by allowing Reilly Financial Advisors to help alleviate portions of your innate responsibility by acting as a Named Fiduciary under ERISA Section 402. Often, we take on the role of 3(21) or 3(38) Fiduciary, depending on the needs of our clients.
Investment Consulting

Choosing a fund lineup appropriate for your employees with diverse needs can be difficult and time consuming. We help our clients develop a set of guiding principles for fund selection lineup aimed at reducing your fiduciary liability. Our dedicated Investment Committee, comprised of CFAs, CFP®s, and a Ph.D., extend an unbiased view on our suggested fund lineups.

In addition, by providing the option for plan participants to select from a best in class mutual fund lineup along with the ability to invest in Unitized Managed Accounts built with Exchange Traded Funds (ETFs), you can help provide a fund lineup aimed at acting in the best interest of the Plan and it’s participants.
Employee Education & Financial Planning

Satisfied, financially secure people make the best employees. Our employee education program and advisory services aim at helping participants every step of the way, from deferral elections to general fund selection. Our goal is to help best educate plan participants so they feel comfortable actively participating in their retirement plan.

Why Reilly Financial Advisors?

No two companies are the same, and thus it’s increasingly important to work with a consultant that has the ability to provide customized solutions to meet each unique circumstance. Through transparency, education, and empowerment, we help our clients navigate a path to successful retirement.

3(38) Fiduciary
Fund selection and analysis
Advisor-managed portfolios
All fees completely disclosed
Team approach to plan management with dedicated experts in each department

Plan Sponsor Support

We understand the commitment associated with administering and maintaining 401(k) plans. That’s why Reilly Financial Advisors helps you each step of the way. You can expect high-quality services, including:

Plan design support
Provider Benchmarking/Plan Health
Investment Due Diligence
Online and phone access to all plan information and statistics
Plan Design Consulting
Dedicated point of contact to help answer any questions
Streamlined web site with an array of tools
Education
Plan Policy Statements (Investment Policy, Fee Policy, Education Policy, Board Resolutions, Committee Charters)

Participant Support

Participating and investing in an employee-sponsored retirement plan can be confusing to your employees. Count on Reilly Financial Advisors to help employees navigate through the process from beginning to end, including but not limited to: