Fiduciary Responsibility

Surprisingly, many companies do not know their fiduciary responsibilities under ERISA. We help plan sponsors gain perspective and provide specific direction on how to guard against troublesome and costly fiduciary liabilities.

We work with your TPA and ERISA Attorney to help maintain your compliance with the DOL, IRS and other regulatory bodies, and help improve investment opportunities for plan participants. As a Registered Investment Advisor, we become your co-fiduciary to the retirement plan as it relates to the selection and monitoring of investments, while providing ERISA 404(a), 404(c) and other compliance-related services to reduce your exposure.

Our fiduciary assessment process measures the health of your retirement plan, and ability of the plan’s fiduciaries to operate in accordance with ERISA and the plan document. Our review process offers powerful resources to identify potential weaknesses in your plan and remedy through education, diligence and process. The Fiduciary Assessment components include:

Program Report Card: we provide a fiduciary self-audit focusing on the major responsibilities and liabilities plans sponsors must manage. The report helps demonstrate the procedural prudence required under ERISA.

Reference Manual: we provide a reference guide with flow charts, sample checklists, notifications and disclosure calendars supporting the information to be obtained and documented.

Education Presentations: we host presentations educating fiduciaries on their responsibilities, liabilities and how to implement prudent processes managing their retirement plan.

At a time when the regulatory environment is predicted to grow in complexity, Paradigm Financial Advisors delivers innovative fiduciary services and solutions that can provide your company peace of mind.

Delegating ERISA Fiduciary Liability in 401(k) Plans

For more information please call Ryan Powers at 314-966-3400.  Or email him directly at