Many organizations have elected to add 3(38) and 3(16) fiduciary protection to their retirement programs, saving time for in-house staff and minimizing risk by ensuring plans are fully compliant with relevant regulations.
from Forbes Real Time https://www.forbes.com/sites/forbesfinancecouncil/2018/03/05/benefits-of-adding-338-and-316-fiduciary-protection-to-your-erisa-401k403b-retirement-plan/
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