Fiduciary Consulting Services for ATU Retirement Plans

2026-11-03

ATU respectfully requests proposals for firms or individuals to assist with the following : A . Fiduciary Role The institution is seeking proposals that outline two distinct fiduciary service models : 1 . Co - Fiduciary Model ( modeled after ERISA section 3 ( 21 )) Consultant provides investment advice and recommendations . Final decision - making authority remains with the institution ’ s retirement plan committee . Consultant supports plan governance , investment reviews , and documentation . 2 . Full Fiduciary Model ( modeled after ERISA section 3 ( 38 )) Consultant assumes full discretionary authority over plan investments . Responsible for selecting , monitoring , and replacing investment options . Respondents should clearly indicate which model ( s ) they offer and provide separate pricing and service descriptions for each . B . Additional Responsibilities In addition to fiduciary responsibilities , ATU is seeking a consultant who will provide the following services : 1 . Vendor Management Act as liaison between the institution and plan recordkeeper ( s ). Facilitate communication , issue resolution , and service level monitoring . 2 . Fee and Contract Review Review and negotiate recordkeeping and investment fees . Benchmark fees against industry standards . 3 . Investment Oversight Review and monitor the plan ’ s investment lineup . Provide recommendations for fund additions , removals , or replacements .

Arkansas

2026-03-27