Hiring an investment expert is a fiduciary action, and plan sponsors must make prudent decisions not only about whom to hire, but what role they will play. They must also decide how to evaluate these services on an ongoing basis. Many plan sponsors are uncertain of their responsibilities and the risks associated with this process.
Our paper titled “3(21) Versus 3(38): The Investment Fiduciary Choice” provides information and best practices to help sponsors understand their options and responsibilities when selecting and monitoring fiduciary investment support.
Mutual funds and exchange traded funds are subject to market risk and volatility. Shares may gain or lose value.
OppenheimerFunds is not undertaking to provide impartial investment advice or to provide advice in a fiduciary capacity.
These views represent the opinions of OppenheimerFunds’ National Sales Director, DCIO, and are not intended as investment advice or to predict or depict the performance of any investment. These views are as of the publication date, and are subject to change based on subsequent developments.