Financial Advisors • Plan Fiduciary Services
As a 3(16) Plan Administrator, as outlined by the Department of Labor’s Employee Retirement Income Security Act of 1974, we offer our Architect 401(k) Solution program to plan sponsors looking to outsource their “Plan Administrator” fiduciary responsibilities — and the inherent headaches, hassles, heartburn, and risks.
How It Works
The Finway team will help analyze an existing plan, making note of all current fees and expenses.
We assist you in preparing a side-by-side comparison of the existing plan to an Architect 401(k) Solution.
We design and implement the recommended, approved plan and engage with the client to provide Third Party Administrator services. In a separate agreement, the plan sponsor designates The Finway Group as 3(16) Plan Administrator and Plan Fiduciary.
Finway assumes the fiduciary risks and responsibilities of plan administration, enrollment, distribution, day-to-day operations, and many other activities required by ERISA.
Assessing the Competition
Outsource and Win
Once your client chooses our Architect 401(k) Solution, our team steps in, offering you and the plan sponsor a comprehensive solution that saves money and time. We’re here to help you grow your 401(k) business through exceptional service.
With The Architect 401(k) Solution, we’ve got skin in the game.
The Finway Group serves as a fiduciary for over 88% of my retirement plans that I am the advisor on. Their full range of 3(16) administration and plan fiduciary services are the best in the area. They are very easy to contact and their customer service is exceptional. I would highly recommend them to any advisor who is looking for additional services above and beyond what most advisors offer to their retirement plan clients.