“If we don’t transform the world, who will? If not now, when?”
From the beginning, we declared philanthropy to be an important part of who we are as a firm. Through the years, we have made a public commitment to a variety of local and national organizations dedicated to making the world a better place for everyone.
Experience the IRON Difference
Comprehensive fiduciary solutions that meet the unique needs of institutional plans.
The difference lies in liability. A 3(38) fiduciary assumes full investment fiduciary responsibility for the plan, while a 3(21) fiduciary provides investment recommendations for the plan, which the Plan Sponsor may or may not act upon. Ultimately, the 3(21) Plan Sponsor retains primary liability.
|3(38) Fiduciary||3(21) Fiduciary|
|Investment Manager maps funds||X||-|
|Investment Manager selects, monitors, and replaces funds||X||-|
|Investment Manager creates and adheres to Investment Policy Statement||X||-|
|Plan Sponsor selects funds||-||X|
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