Retirement Plans

SIA understands the duty and importance of compliance with ERISA regulations regarding retirement plan investments. We support plan sponsors to create a diverse and disciplined investment process by providing unbiased advisory services. We offer clients the option of working to fulfill their fiduciary duties with us in an ERISA 3(21) or 3(38) capacity.

As an ERISA 3(21) Co-Fiduciary, we work in partnership with the plan sponsor to provide recommendations and help them make informed decisions. However, the ultimate decision to accept or decline our recommendations remains with the plan sponsor.

As a 3(38) Investment Manager, we take on a higher level of fiduciary responsibility. This means that we are responsible for the selection and monitoring of the plan's investment options and report to the plan sponsor.

3(21) Co-Fiduciary3(38) Investment Manager
  • States in writing co-fiduciary status
  • States in writing fiduciary status
  • Helps draft Investment Policy Statement
  • Drafts Investment Policy Statement
  • Recommends changes
  • Facilitates changes
  • Helps design investment option line-up
  • Selects investment option line-up
  • Provides plan monitoring
  • Assesses plan data
  • Recommends changes to the line-up
  • Makes changes to the line-up
Provides documentation for fiduciary files

After establishing an investment option line-up, SIA works with the plan sponsor to draft and finalize an Investment Policy Statement (IPS). When this initial process has been completed and implemented, we focus our efforts on reviewing the success of the retirement plan.

Market and economic conditions change constantly, so we maintain ongoing communications with investment managers who are selected as part of the plan’s offerings. Through regular meetings with the plan sponsor, we provide a thorough analysis of the investment managers entrusted with participant assets.

Serving as fiduciaries, we are bound legally and ethically to act in our clients' best interests, with a duty to preserve good faith and trust. We are fee-only advisors and operate with complete transparency with no hidden fees or commissions.