Retirement Plan Administrator
& Fiduciary Services
Expertly Managed Retirement Plans, Powered by Innovation
Madison Financial has partnered with Admin316, a premier retirement plan administration firm based in Corpus Christi, Texas, to deliver a seamlessly integrated retirement plan management experience. This collaboration combines Madison Financial’s strategic consulting expertise and ERISA fiduciary knowledge with Admin316’s proven strength in plan administration and compliance. Together, we offer a comprehensive solution that covers every aspect of retirement plan management—from plan design and daily operations to regulatory reporting and ongoing oversight.
Beyond this powerful partnership, Madison Financial maintains strong relationships with leading providers in the retirement plan industry, including Fidelity Investments, Empower Retirement, PCS Retirement, Voya, and others. These alliances allow us to deliver flexible, scalable solutions tailored to the unique needs of your organization, regardless of size or complexity.
When you choose Madison Financial, you gain access to advanced technology that streamlines complex compliance tasks. Our platforms ensure accurate regulatory filings, generate required plan documents, and safeguard data with efficient, secure processes—keeping your plan compliant with evolving regulations. The result is greater efficiency, reduced fiduciary risk, and fewer administrative burdens for your internal team.
Through this unified service model, Madison Financial and Admin316 provide a dependable, fully compliant solution that protects your business while empowering your employees to build a more secure financial future.
Bringing Your Retirement Plan Vision to Life
Streamline Compliance. Minimize Risk. Empower Your Plan.
Navigating the complexities of retirement plan compliance isn’t just a responsibility — it’s a cornerstone of safeguarding your organization and your participants.
We make this process seamless by offering expert outsourcing solutions that lift the burden from your team and protect your plan with precision.
Our comprehensive, technology-driven approach automates critical tasks such as:
Preparation of Government Filings: Including Form 5500 and all related disclosures.
Generation of Legally Required Plan Documents
Accurate and Efficient Data Collection and Reporting
By leveraging our innovative tools and deep ERISA expertise, you can stay confidently ahead of ever-changing regulatory requirements — with less stress and more security.
Our Services
We offer expert guidance to meet regulatory requirements while safeguarding your organization’s fiduciary responsibilities.
Section 402(a) of the ERISA Named Fiduciary
A 3(16) Administrator is the person or entity “so designated” in the plan document. The employer is the default Plan Administrator if none is designated. The Plan Administrator is basically responsible for any fiduciary responsibility not assumed by the ERISA section 403(a) Trustee.
Section 3(16) Administrator of ERISA
A 402(a) Named Fiduciary is formally designated in the plan document as the individual or entity with ultimate authority over the management and administration of the retirement plan. In most cases, this role is fulfilled by the ERISA Section 3(16) Plan Administrator.
Section 3(38) of ERISA: Investment Fiduciary
A 3(38) Investment Manager is a fiduciary under ERISA, responsible for selecting, managing, monitoring, and benchmarking a retirement plan's investments. In some plans, they also have discretionary authority to direct fund investments, except in participant-directed plans.
About Us
- Who is the Third-Party Administrator (TPA), Recordkeeper, and Custodian?
- Who oversees your plan’s investments?
- Are our advisors responsible for investment decisions?
- Are they licensed to serve as a 3(21) or 3(38) fiduciary?
- Who carries the responsibility, and what does it mean for you?
Welcome to Madison Financial & Admin316
At Madison Financial, we provide full investment advisory services under ERISA Section 3(38): selecting, monitoring, and managing your retirement plan’s investment lineup.
At Admin316, we act as your ERISA Section 3(16) administrator: managing compliance, plan documents, filings, and participant communications.
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Frequently Asked Questions
How can a fiduciary for a retirement plan reduce the liabilities of the plan sponsors?
A retirement plan fiduciary, especially a 316 fiduciary, assumes crucial administrative duties such monitoring day-to-day plan operations, completing federal papers on schedule, and guaranteeing ERISA compliance. Plan sponsors can greatly lower their risk of fiduciary liability by assigning these responsibilities, giving them the confidence to focus on their main business operations.
In operating a retirement plan, especially in conjunction with a retirement plan administrator, what function does a fiduciary financial planner serve?
To guarantee that retirement plans are administered with the participants’ best interests in mind, a fiduciary financial planner is necessary. They provide fiduciary wealth management services, which include regulatory compliance, strategic financial advising, and supervision of investment decisions, in close collaboration with the retirement plan administrator. This collaboration improves the overall performance of the plan while assisting plan sponsors in carrying out their fiduciary duties.
What are the advantages of administering retirement plans through a 316 fiduciary?
A 316 fiduciary offers full-service retirement plan administration, taking care of everything from participant notifications and compliance to necessary paperwork. Company leaders and HR departments can free themselves from these intricate duties by using 316 fiduciary services, leaving a fiduciary management specialist to guarantee the plan stays both economical and compliant.
What distinguishes standard retirement plan administration from fiduciary wealth management, which is overseen by a fiduciary financial planner?
Managing a retirement plan’s day-to-day administrative duties is only one aspect of fiduciary wealth management. Strategic financial oversight is provided by a fiduciary financial planner to guarantee that the investments made by the plan are in the best interests of its members. These qualified experts provide long-term strategies intended to maximize plan performance and improve financial outcomes, going beyond simple compliance.