NAPA Net - Polling Places 113018 |
Is it Time for a Broad Acceptance of 3(16) Fiduciary Services?
A recent survey of retirement plan advisors to determine what their attitudes are toward 3(16) fiduciary outsourcing. In the resulting report, “Advisors and 3(16) Fiduciary Outsourcing,” the firm found that more and more advisors are looking at transferring administrative fiduciary responsibility to 3(16) fiduciaries.
According to the results, more than 80% of surveyed advisors are familiar with 3(16) outsourcing. In addition, another 84% of respondents said they are considering recommending 3(16) administrative services.
According to the results, more than 80% of surveyed advisors are familiar with 3(16) outsourcing. In addition, another 84% of respondents said they are considering recommending 3(16) administrative services.