Supporting those who serve others in the non-profit, private school and higher education communities in both the documentation and process of ERISA obligations for retirement plan fiduciaries.
HUB/Baystate Fiduciary Advisors is an independent firm with national scale and resources offering both 401(k) and 403(b) investment fiduciary advisory services for non-profit, private schools and higher education communities.
Based in Boston, Massachusetts, we serve clients throughout the New England area. With more than 20 years of experience, we employ globally accepted fiduciary standards of excellence that will not only help organizations in their pursuit of complying with ERISA obligations but strives to promote successful retirement outcomes for their employees and improving the company’s bottom line.Contact Us
Grounded in ERISA Case Law
The Employee Retirement Income Security Act of 1974, as amended (“ERISA”) was enacted to protect employees and retirees by mandating written plan documents, requiring assets to be held apart from the employer’s assets and by imposing fiduciary standards of care on the persons responsible for administering the plan and investing plan assets. Plan fiduciaries are required to act for the exclusive benefit of plan participants and their beneficiaries. Legally, the fiduciary standard of care— that of a “prudent expert”—is the highest recognized by law. The failure to comply with ERISA standards can result in the imposition of personal liability for losses to the plan, civil and criminal penalties on the plan fiduciaries as well as the company that sponsors the plan.
HUB/Baystate Fiduciary Advisors provides many services to help fiduciaries navigate and manage an increasingly complex array of responsibilities and obligations. Our goal is to help fiduciaries understand their role and assist them in developing a formal process that will help demonstrate compliance with ERISA’s standard of care.
What do you mean when you say you are a "High Impact Firm with Low Impact Costs?"
What makes Baystate Fiduciary Advisors Unique in the marketplace?
What is the initial client experience like?
Managing an Inheritance
A windfall from a loved one can be both rewarding and complicated.
The ABC’s of Auto Insurance
What kind of auto insurance should you have? Do you know?
Extended Care: A Patchwork of Possibilities
What is your plan for health care during retirement?
Over time, different investments' performances can shift a portfolio’s intent and risk profile. Rebalancing may be critical.
Learn about the role of inflation when considering your portfolio’s rate of return with this helpful article.
Protect yourself against the damage that your homeowners policy doesn’t cover.
How much more would retirement cost if you owned your home rather than rented? It could actually be several times less.
Purchasing homeowners insurance is critical for protecting your home.
A few strategies that may help you prepare for the cost of higher education.
This calculator estimates how much life insurance you would need to meet your family's needs if you were to die prematurely.
This calculator compares employee contributions to a Roth 401(k) and a traditional 401(k).
Enter various payment options and determine how long it may take to pay off a credit card.
Estimate the potential impact taxes and inflation can have on the purchasing power of an investment.
Use this calculator to compare the future value of investments with different tax consequences.
Estimate how much you have the potential to earn during your working years.
Learn about the difference between bulls and bears—markets, that is!
An amusing and whimsical look at behavioral finance best practices for investors.
When do you need a will? The answer is easy: Right Now.
Do you know how long it may take for your investments to double in value? The Rule of 72 is a quick way to figure it out.
A couple become Retirement Plan Detectives, searching records from old employers.
Asking the right questions about how you can save money for retirement without sacrificing your quality of life.