"First Party Administrator, LLC"

Your Named ERISA 3(16) Fiduciary

What Is An ERISA 3(16) Plan Administrator?

The fiduciary who is responsible for the day-to-day operations of your qualified retirement plan is known as a 3(16) Plan Administrator under ERISA.

For most companies, the Plan Sponsor typically assumes the role of Plan Administrator if no other fiduciary is hired to fulfill the position.

Backed By My Benefits

As an industry leading Third Party Administrator we’ve created our independently owned company, First Party Administrator TM, LLC, to be the named ERISA 3(16) Plan Administrator directly relieving Plan Sponsors of administrative burdens.

We Bring It All Together For You

As an elected 3(16) Plan Administrator, First Party AdministratorTM, LLC directly relieves plan sponsors of their administrative burdens while acting as the plan’s named administrative fiduciary. 

This provides Plan Sponsors with a fully encompassing fiduciary team proactively eliminating penalties and fines on plans that have operational or reporting errors.

Let Us Do & You Review

Shift retirement plan risk, responsibility and burden from your organization to ours. Think of us as the bridge to your benefits

Plan Design & Record Withholding

  • Assemble and maintain copies of signed Plan documents
  • Possess readily available Plan documents for clients

Plan Compliance & Testing

  • Ensuring IRS and DOL compliance
  • 5500 preparation, review, signature and submission
  • Annual nondiscrimination testing

Participant Communication & Support

  • Prepare and produce all mandatory notices including 408(b)(2) and 404(a)(5) with optional mailing services
  • Respond to all participant-related questions

Loan & Distribution Review, Approval, & Processing

  • Review plan’s loan policy and process based on approval
  • Evaluate and approve distributions including Hardships, QDRO, and RMD

Enrollment Support

  • Acknowledge eligibility throughout the plan year
  • Assess and distribute supporting documents to eligible participants

Ask Our Experts

Your retirement plan questions answered, in plain English, by an expert. Use the form below to ask our retirement plan experts your question.