3(16) Fiduciary Services | Retirement Plans | Aldrich Retirement Solutions

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Retirement Plan Services
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3(16) Fiduciary Services

3(16) Fiduciary Services

Retirement Plan Fiduciary Services

3(16) Fiduciary Services from Aldrich Retirement Solutions

Maintaining a retirement plan requires complying with and regularly completing many legal responsibilities and administrative tasks that traditionally rest on the shoulders of Plan Sponsors. Aldrich’s 3(16) Fiduciary Services can lessen your administrative burden and risk of personal fiduciary liability by assuming many of these responsibilities and tasks for you. These services include:

Plan Transactions

  • Assist participants and Plan Sponsor with plan provisions and options related to loans and distributions
  • Determine qualified status and process Qualified Domestic Relations Orders (QDRO)
  • Track delinquent participant loans and initiate taxation for deemed distribution and loan offsets
  • Process and approve participant distribution requests (termination, in-service and hardship)
  • Prepare, process and approve required minimum distributions
  • Process and approve participant loan requests

Plan Operation Oversight

  • Summarize plan document provisions and plan operation policies
  • Obtain ERISA Fidelity Bond on behalf of the plan
  • Review 401(k) deposit and loan repayment timeliness and advise on late deposits and recommend steps for corrective action
  • Prepare, review, approve and ensure timely delivery of required notices and disclosures
  • Review, sign and file required tax and reporting forms (e.g. Form 5500, Form 5558, Form 8955-SSA, and Form 5330)
Meet the Team
Connect with David
President

David Strom, QKA, QKC, QPA

Aldrich Retirement Solutions

David leads Aldrich Retirement Solutions to provide high quality, cost-effective services for our clients. He is a creative retirement plan expert who designs, consults and administers qualified retirement plans for profitable businesses and non-profit organizations of all sizes. He specializes in cash balance plans and pension plans to provide for enhanced tax-deferred retirement contributions for partners…

David's EXPERTISE
  • Retirement plan design
  • Cash balance pension plans
  • IRS and DOL corrections
Connect with David
Write to David
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Looking for Support?

Are you a benefits recipient or looking for help with your client account? Send us an email at info@aldrichadvisors.com

Have a question?

Contact us to speak with one of our advisors.

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Meet Our Professionals

Employee Benefits

Tracey Davis
Partner, Employee Benefits Consultant
David Strom, QKA, QKC, QPA
President
Heather Toller
Senior Account Manager
Write to Tracey
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Expertise:
  • Focus on large, multi-location employers, mid-market and small employers
  • Strategic implementation of fully-insured, partially self-insured and self-insured plans
  • Small and large (ALE) employee benefits consulting

Read more
Write to David
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Expertise:
  • Retirement plan design
  • Cash balance pension plans
  • IRS and DOL corrections

Read more
Write to Heather
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Expertise:
  • Day-to-day service, claim and billing issues
  • Small and large (ALE) employee benefits consulting
  • Long-term client service strategies

Read more
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