A “fiduciary” is a person or entity acting in a capacity of trust with respect to a retirement plan. Under the law, those who qualify as fiduciaries – including plan administrators, trustees, committees, and advisors – are held to high standards when making plan-related decisions and may become personally liable for losses to the plan if they do not adequately fulfill those requirements.
Bridgehaven offers a broad range of services to assist fiduciaries in navigating these responsibilities and meeting their legal obligations, including:

  • Acting as an ERISA Section 3(21) fiduciary for investment consulting and advisory services
  • Ensuring that plan administration follows the terms of the plan documents
  • Assisting with ERISA Section 404(c) compliance regarding participant-directed investments
  • Full documentation of plan decision-making to reduce the probability of litigation