401(k) Fiduciary Services for Plan Sponsors

If your company sponsors a 401(k) plan, the people who run it — usually the CFO, head of HR and retirement plan committee — are ERISA fiduciaries. Old Slip Capital provides 401(k) fiduciary services for plan sponsors from 40 Wall Street, Floor 28, New York, NY 10005, helping committees document a prudent process without turning retirement plan oversight into a second job.

What our fiduciary services cover

• Written Investment Policy Statement tailored to your plan's objectives
• Quarterly investment menu monitoring and fund replacement recommendations
• 3(21) co-fiduciary or 3(38) discretionary fiduciary arrangements
• Annual fee benchmarking and plan design comparison
• Committee agendas, minutes and fiduciary training
• Recordkeeper and provider oversight, including service reviews
• Secure online fiduciary briefcase for plan documents
• In-person support in the New York metro area and video support nationwide

Why plan sponsors choose a dedicated fiduciary advisor

Fiduciary work is meeting-driven. Investment reviews, fee discussions and committee education go better when your advisor can sit in the room or join by video with a documented record. We attend quarterly committee meetings in person in the New York metro area, respond to same-day questions during business hours, and schedule video calls for committees located elsewhere.

Independent, with no product to sell

We are an independent registered investment advisory firm — not a recordkeeper, fund company or insurer, and not affiliated with one. The investment menus and providers we recommend are selected on the plan's behalf, not driven by a corporate relationship.

Common questions

What are 401(k) fiduciary services for plan sponsors?

They are the documented advisory services that help a plan sponsor meet its ERISA duties: prudent fund selection, reasonable fee monitoring, diversified investment menus, and acting solely in participants' interests. Old Slip Capital supports committees through quarterly reviews, fee benchmarking, Investment Policy Statements and fiduciary training — in person for New York-area employers and by video nationwide.

Do we need a 3(21) or 3(38) fiduciary?

A 3(21) advisor recommends and monitors the investment menu but leaves the final decision to your committee. A 3(38) advisor takes discretion over fund selection and assumes that fiduciary responsibility directly. Many plan sponsors start with 3(21) co-fiduciary support and move to 3(38) as the plan grows or the committee wants to delegate more risk.

Can you meet with our committee?

Yes. Old Slip Capital is based at 40 Wall Street, Floor 28, in Lower Manhattan. We regularly meet with CFOs, HR leaders and retirement plan committees in the New York metro area for quarterly investment reviews and fiduciary training, and we schedule video calls for committees located elsewhere.

How do we know our 401(k) fees are reasonable?

ERISA requires fees to be reasonable for the services received, not necessarily the lowest available. We benchmark recordkeeping, advisory and investment fees against comparable plans each year, document the comparison, and present the findings to the committee so the decision is defensible.

Are you independent of recordkeepers and fund companies?

Yes. Old Slip Capital is an independent registered investment advisory firm. We are not a recordkeeper, fund company or insurer, and we are not owned by one. The providers and menus we recommend are selected on the plan's behalf.