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3(38) Investment Manager

An ERISA 3(38) investment manager represents the highest level of investment liability transfer possible under ERISA and it legally requires us to act in your best interest.  Being a trust company, the responsibility of serving as a fiduciary is ingrained into the very culture of our organization.  As an employer and plan sponsor, you are both personally and professionally responsible for prudently selecting and monitoring the plan’s investment options.  Engaging Parkside as fiduciary frees you from the time involved to select and monitor investments and transfers the liability associated with making these decisions to us.
When you partner with us, we are ultimately responsible for selecting, managing, monitoring and benchmarking the investments offered in the plan.  While many 3(38) fiduciaries charge additional fees for these services, ours are included. It’s simply how we choose to serve you.