{"id":33,"date":"2018-02-13T12:00:00","date_gmt":"2018-02-13T18:00:00","guid":{"rendered":"http:\/\/erisatax.com\/?p=33"},"modified":"2022-01-31T11:41:00","modified_gmt":"2022-01-31T17:41:00","slug":"401k-plan-investment-managers-legal-and-practical-considerations","status":"publish","type":"post","link":"https:\/\/erisatax.com\/index.php\/2018\/02\/13\/401k-plan-investment-managers-legal-and-practical-considerations\/","title":{"rendered":"401(k) Plan Investment Managers \u2013 Legal and Practical Considerations"},"content":{"rendered":"\n<p>This article summarizes describe the legal distinctions between 3(38) \u201cinvestment managers\u201d and 3(21) \u201cconsulting fiduciaries\u201d for defined contribution plans. It also includes a summary of relevant case law relating to co-fiduciary liability and practical implications of appointing a 3(38) investment manager, including the effect on investment policy statements, service agreements, and monitoring and reporting obligations and practices.<\/p>\n\n\n\n<p><a href=\"https:\/\/erisatax.com\/wp-content\/uploads\/2022\/01\/401k-Plan-Investment-Managers-2-13-18.pdf\" target=\"_blank\" rel=\"noreferrer noopener\">Click for Article in PDF<\/a><\/p>\n\n\n\n<p><a href=\"https:\/\/erisatax.com\/wp-content\/uploads\/2022\/01\/401k-Plan-Investment-Managers-2-13-18.html\" target=\"_blank\" rel=\"noreferrer noopener\">Click for Article in HTML<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>This article summarizes describe the legal distinctions between 3(38) \u201cinvestment managers\u201d and 3(21) \u201cconsulting fiduciaries\u201d for defined contribution plans. It also includes a summary of relevant case law relating to co-fiduciary liability and practical implications of appointing a 3(38) investment manager, including the effect on investment policy statements, service agreements, and monitoring and reporting obligations [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"off","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[1],"tags":[7],"class_list":["post-33","post","type-post","status-publish","format-standard","hentry","category-erisa","tag-erisa"],"_links":{"self":[{"href":"https:\/\/erisatax.com\/index.php\/wp-json\/wp\/v2\/posts\/33","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/erisatax.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/erisatax.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/erisatax.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/erisatax.com\/index.php\/wp-json\/wp\/v2\/comments?post=33"}],"version-history":[{"count":2,"href":"https:\/\/erisatax.com\/index.php\/wp-json\/wp\/v2\/posts\/33\/revisions"}],"predecessor-version":[{"id":86,"href":"https:\/\/erisatax.com\/index.php\/wp-json\/wp\/v2\/posts\/33\/revisions\/86"}],"wp:attachment":[{"href":"https:\/\/erisatax.com\/index.php\/wp-json\/wp\/v2\/media?parent=33"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/erisatax.com\/index.php\/wp-json\/wp\/v2\/categories?post=33"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/erisatax.com\/index.php\/wp-json\/wp\/v2\/tags?post=33"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}