PITTSBURGH – Dunbar, Bender, and Zapf now offers 3(16) Fiduciary Services to their clients
Dunbar, Bender & Zapf, Inc. (DBZ), the largest regional retirement plan consulting and actuarial firm in the Pittsburgh area, announced that they are now offering 3(16) Fiduciary Services to assist clients with the day to day responsibilities of their retirement plan operations.
Designed to reduce the fiduciary liability and workload for business owners, 3(16) fiduciary services give employers more time to focus on running their company. The 3(16) Plan Administrator has a fiduciary responsibility for the daily operation of the retirement plan for tasks such as determining eligibility, fixing operational errors, and providing participant disclosures and notices. Thus, helping employers keep tasks accurate and complete.
“DBZ has spent countless hours over the past 2 years designing a process that will enable us to not only help reduce the employer’s administrative burden of maintaining a retirement plan but also help relieve the fiduciary liability of the business owner,” said Jill Dennis, consultant and shareholder at DBZ.
The 3(16) fiduciary services are offered in three service modules, allowing clients to choose the services that best meet their needs. Module 1 provides administrative services, Module 2 provides enrollment, payroll and related functions, and Module 3 provides disclosure mailings. This allows for clients to choose the services for their company’s retirement plan that they need the most. These customized service offerings help to ensure the plan administrator duties are completed accurately while reducing the client’s fiduciary liability and workload.
DBZ, located in downtown Pittsburgh, strives to provide their clients with comprehensive retirement services that allow for smooth and efficient plan administration and operation. They are dedicated to their clients, offering them plan administration services that ensure their retirement plan stays compliant with government regulations.
About Dunbar, Bender, and Zapf, Inc.
Dunbar, Bender & Zapf, Inc., established in 1991, provides recordkeeping, administration, and actuarial services to over 2,500 clients ranging from one participant to several thousand participants throughout the country. DBZ’s mission is to provide outstanding retirement plan services through education and dedication to their clients, partners, and to each other. DBZ currently has five shareholders and over 55 employees.