917 Cloister Drive • Gastonia, NC 28056
Tel: 866.401.5360 • 704.907.4272 • Fax: 704.831.5255
Tel: 866.401.5360 • 704.907.4272 • Fax: 704.831.5255
LATEST NEWS
KEY SERVICES
KEY SERVICES
Presidium can assist you to achieve
best practices:
- Customized Investment Policy statements
- Plan committee organization
- Identifying plan fiduciaries and reducing risk
- Customized education programs for participants
“Unless trustees possess the necessary expertise to manage investments, fiduciaries would need to obtain the advice of a qualified, independent expert.”
U.S. Dept. of Labor Regulations §2509.95-1(c)(6)
Fiduciary Services
FIDUCIARY SERVICES, INVESTMENT SELECTION AND MONITORING
A fiduciary manages the assets of another person and stands in a special relationship of trust, confidence and legal responsibility.
ERISA §3(38) Investment Manager
An ERISA §3(38) investment manager is solely responsible for the selection, monitoring and replacement of plan investments. The fiduciary must agree in writing and acknowledge his fiduciary status.When a plan sponsor hires an ERISA §3(38) investment manager, ERISA §405(d)(1) provides fiduciary relief by transferring the burden for investment selection and monitoring from the plan’s committee to the ERISA §3(38) investment manager. Plan sponsor and committee are responsible for the prudent selection and oversight of the ERISA §3(38) investment manager.
Selecting the Right Investments
With no proprietary investment restrictions, we select the best low-cost institutional share class investments including Dimensional Fund Advisors (“DFA”) and Vanguard, which unlike retail mutual funds have significantly lower fees, no 12b-1 fees or other “hidden fees”.As a fee-only advisor, we do not accept revenue-sharing of any kind and are compensated only by our clients. We provide complete accounting of all fees and expenses.
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