Liability & Fiduciary Protection

Offering a retirement plan can be one of the most rewarding decisions you can make for your employees as a business owner. Managing the plan is key to the plan’s success now and in the future. Identifying a partner who can manage all aspects of administration and decision making is key. At Avantax Retirement Plan ServicesSM, we are certified to handle the risk associated with plan administration and investment management. Liability is reduced by partnering with us because we offer the highest levels of protection.

We assume the following responsibilities: 

  • Fiduciary manager on plan assets as a delegated 3(38) investment manager
  • Providing participant investment advice through our financial advisor team serving as 3(21) fiduciaries
  • Service administration through 3(16) fiduciary oversight
  • Comprehensive regulatory compliance advice and regulatory monitoring

We provide the following services:

  • Plan design consultation
  • Regulatory monitoring
  • Comprehensive compliance testing
  • Form 5500 preparation and submission
  • Investment management and monitoring
  • Auditor support
  • Contribution monitoring
  • Qualified Domestic Relations Order (QDRO) validation
  • Eligibility calculations
  • Contribution calculations
  • Participant notifications
  • Participant education
  • Distribution and vesting calculations
  • Loan verification