Limited-Scope ERISA 3(21) Fiduciary Advice
Qmulate provides retirement plan services on a non-discretionary basis under ERISA 3(21) and serves in a limited-scope fiduciary capacity.
Talk With a 401(k) Advisor
Evaluate
Help the sponsor evaluate investment options, expenses, and plan services.
Document
Support a repeatable review and monitoring process.
Educate
Provide retirement education and investment guidance for participants.
What Qmulate does as a 3(21) advisor
Qmulate provides recommendations and support to the plan sponsor, including help evaluating investment options, monitoring the plan arrangement, reviewing fees and services, and educating participants.
The plan sponsor retains final authority over plan decisions. Qmulate does not act as the plan administrator or investment manager and does not have trading authority within participant-directed plan accounts. The exact scope of services is defined in the applicable engagement and plan documents.
Questions business owners ask
What decisions does the plan sponsor retain?
The sponsor retains final authority over plan decisions, including whether to accept recommendations and which providers and investment options the plan uses.
Does Qmulate hold plan assets?
No. Plan assets are maintained through the plan's independent custodial arrangement and are not held in Qmulate's bank account.
Where is Qmulate's role documented?
The specific services and limitations are described in Qmulate's engagement documents and Form ADV, together with the plan and provider documents.