Fiduciary Comparison Tool

Unified Trust, serving as Discretionary Trustee, provides plans with the highest level of fiduciary oversight under ERISA.

Please choose which role(s) to compare:


Your Comparison of Fiduciary Plan Services

Unified Trust ERISA 3(38) Investment Manager ERISA 3(21) Investment Advisor Direct Trustee Fiduciary Warranty Due Diligence Support
Named Plan Fiduciary Under ERISA 402(a)?
Has “Exclusive Authority to Manage and Control the Assets of the Plan” Under ERISA 403(a)?
Acknowledges Fiduciary Status in Writing
Sometimes
Broad (Allocated) or Narrow (Delegated) Fiduciary Responsibility?
Broad
Narrow
Narrow
Narrow
N/A
N/A
Provides Participant Direction Choices Under ERISA 404(c)
Responsible for ERISA 404(c) Compliance
404(c) and QDIA Notice Preparation
Has Full Responsibility for Selecting Plan Investments
Sometimes
Has Full Responsibility for Monitoring Plan Investments
Sometimes
Has Full Responsibility for Replacing Plan Investments
Sometimes
Able to Provide Personalized Goal Management Solution
Sometimes
Responsible for ERISA 404(a) “Prudent Man Rule”
Responsible for Prudent Management of Participant Model Portfolios
Sometimes
Oversight Structure Allows Plan to be Eligible for Limited Scope Audit
Oversight of Missing or Late Contributions
Maintains Plan Within Jurisdiction of U.S. Courts
Duty to Avoid Prohibited Transactions
Duty to Monitor Co-Fiduciary Activity
ACA, EACA, and QACA Participant Notices Preparation
Sometimes
CEFEX® Certified for Fiduciary Best Practices
Sometimes
Sometimes
Sometimes
Monitor Plan Distribution Activity
Duty to Protect Participant Accounts From Unauthorized Access

Unified Trust Company, N.A. serving as Discretionary Trustee provides plans with the highest level of fiduciary oversight under ERISA.

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