Admin316 is one of the leading plan administration teams in South Texas. As the entity responsible for overseeing your Retirement Plan’s administration, we serve as your accounts listed Trustee; we must consider that every retirement plan must have at least one named trustee. This means that at least one party is responsible for the fiduciary liability and integrity of the Plan. This is why understanding each party’s role in your qualified plan is essential. Who is the TPA, the Recordkeeper, and the Custodian? Who is responsible for the plan investments? Is it our advisors? Are they licensed to serve as the 3(21) or 3(38)? Who is responsible for what?