DUBLIN, OH--(Marketwired - May 2, 2013) - Today, Meeder Investment Management, a Dublin, Ohio based money management firm, announced the launch of its 3(38) Fiduciary Service. The service was developed in response to strong demand from advisors and retirement plan sponsors seeking expert advice on selecting and monitoring the investment options available to plan participants.
Under section 3(38) of the Employee Retirement Income Security Act (ERISA), Plan Sponsors can delegate the management of plan investment options to a qualified Investment Manager, transferring the fiduciary responsibility and liability associated with selecting and monitoring plan investment options.
Ron Sala, Senior Vice President of Sales for Meeder Investment Management, stated, "We are extremely excited to offer this service to our clients as the need has become more prevalent in light of recent disclosure and regulatory changes." He added, "This valuable service alleviates pressure and liability for the Plan Sponsor allowing them to focus on key responsibilities such as plan administration and participant education."
The new service is available on a variety of retirement platforms based on plan size. Among other services, Meeder Investment Management's 3(38) Fiduciary Service offers the development of an Investment Policy Statement and initial core line-up of funds and portfolios, ongoing monitoring and reporting, and active management of diversified model portfolios.
"We strive to exceed the expectations of our clients," said Bob Meeder, President. "I believe this new service confirms our commitment to partnering with our retirement plan clients to meet the unique challenges facing our industry."
Your goals. Our focus. Since 1974. Meeder Investment Management has earned the trust of individuals, advisors and institutional investors for over four decades with a steadfast focus on client goals and a consistent approach to managing wealth. From this experience, Meeder has developed a comprehensive suite of product solutions, from mutual funds to managed account portfolios, to help clients fulfill a wide range of investment objectives. For more information, visit www.meederinvestment.com or call (866) 633-3371.