1st Global’s Matt Zokai Quoted in FiduciaryNews Article

1st Global senior advisor of retirement services Matt Zokai was quoted in the FiduciaryNews article “What Do Most 401k Plan Sponsors Use: a 3(38) or a 3(21) Adviser?” 

“A 3(21) investment adviser makes investment recommendations, but ultimately leaves the final investment decision up to the plan sponsor. A 3(38) investment manager has discretionary authority and takes on full responsibility of managing the lineup and can make necessary changes as it deems appropriate. An easy way to differentiate the two services is a 3(21) ‘helps you do it’ while a 3(38) ‘does it for you.’”

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