Unlock growth for you and your clients with 3(16) fiduciary services
The 3(16) Coach® Training provides retirement plan professionals with strategies for incorporating 3(16) fiduciary services into their practices while outlining how to leverage FuturePlan’s 3(16) Center of Excellence.
Save time and focus on growth
Learn how partnering with a trusted 3(16) fiduciary services provider can help grow your practice.
Mitigate risk and streamline plan administration
Address your clients’ biggest pain points with solutions that mitigate risk, streamline administration and reduce costly errors.
Differentiate your practice and boost client retention
Unlock the benefits of outsourcing 3(16) fiduciary services and learn how to seamlessly integrate with your current client plans.
Administrative complexity and growing regulatory demands have become a significant burden for plan sponsors of all sizes.
By bringing in the right 3(16) fiduciary can help mitigate risk, streamline administration, and provide peace of mind for your clients. Let’s explore a client scenario where a 3(16) fiduciary could have made all the difference.
Plan Challenge
A medical group experienced significant issues following a critical personnel change of a terminated Chief Financial Officer (CFO).
Discovered an auto-enrollment amendment was executed previously on the plan.
Documentation was untouched for 6 months following termination allowing the problem to go unnoticed.
Costly Results
During a large plan audit, the issue was revealed that participants had not received rightful contributions.
As a result, the group had to make participants whole, correcting missed deferrals and earnings cost the company over $75,000
Advisor Takeaway
If the organization had been utilizing 3(16) fiduciary administration, this costly mistake could have been avoided, demonstrating the importance of robust oversight and timely plan management.
Want to become a part of the 3(16) Coach® Program?
Be a part of the latest segment of FuturePlan’s coach offering with the NEW 3(16) Coach® Program. Providing financial advisors and retirement professionals with strategies for unlocking growth with 3(16) fiduciary services.
Sign up to join our 3(16) Advisor Network and receive several key benefits:
Webinars (Live and OnDemand)
Get notified of upcoming training seminars.
Reduce Client Overhead with the addition of 3(16) services
Do you have clients looking to better understand if a 3(16) is worth the investment?
Receive a complimentary 3(16) savings calculation from one of our dedicated FuturePlan 3(16) fiduciary service experts.
Training and Educational Resources
Receive regular updates from FuturePlan with educational content and resources to grow your practice and better serve your clients.