We are 401(k), and ERISA 403(b), "CEOs". Employers typically hire a CEO to handle their Company's day-to-day affairs. Employer/Plan Sponsors, given the facts, typically want someone to do the same thing for them within the confines of their retirement Plan. Employers now have much less fiduciary risk. Plan participants now receive the benefit of daily professional oversight; many times at a lesser cost.
Once Bell Rock Capital is appointed by the plan sponsor or trustee of an ERISA governed tax qualified plan, we accept discretion and assume full responsibility and liability for the fiduciary functions concerning decisions related to the plan’s assets. As an ERISA 3(38) plan fiduciary, we have the responsibility and authority to select the investment options for the plan and deciding if and when to make necessary and prudent changes to the plan’s investments.
Ferenczy Benefits Law Center practices exclusively in employee benefits law, including pension, 401(k), profit sharing, and other qualified plans, as well as non qualified deferred compensation plans, executive compensation programs, and 403(b) and 457 plans for nonprofit and governmental organizations.
We are ERISA lawyers who act as ongoing benefits counsel or are retained to provide legal services in relation to a specific employee benefits concern.
We are ERISA lawyers who act as ongoing benefits counsel or are retained to provide legal services in relation to a specific employee benefits concern.