Question 1

Do I have to change my current recordkeeper?

Accepted Answer

No. In almost every engagement, we work alongside your existing recordkeeper (Fidelity, Empower, Principal, ADP, Paychex, Guideline, etc.). Employees see no change to their login or contribution process — only an improved investment lineup and documented fiduciary oversight.

Question 2

How is a 3(38) different from what our advisor does today?

Accepted Answer

Most plan advisors serve as 3(21) Advisers. They recommend investments; you (the plan sponsor) approve them and remain personally responsible. A 3(38) Investment Manager has discretion. In our engagements, we serve as your 3(21) Adviser and arrange for an independent third-party 3(38) Investment Manager — through the RFM 401(k) Maneuver PEP — to make the investment decisions, and fiduciary liability for those decisions transfers to that 3(38) Investment Manager in writing.

Question 3

What does the service cost?

Accepted Answer

Fees are transparent, flat or basis-point-based, and disclosed in writing before you sign. For most plans, engaging us reduces the total participant expense ratio because we replace higher-cost funds with institutional share classes.

Question 4

Are you truly independent?

Accepted Answer

Yes. Royal Fund Management is a fee-only Registered Investment Advisor. We accept no commissions, revenue-sharing, or third-party payments — we are legally obligated to act in the best interest of the plan and its participants.

Question 5

What size plans do you work with?

Accepted Answer

We specialize in small and mid-sized employer plans — typically 10 to 500 employees and $500,000 to $50 million in assets. If your plan sits outside that range, reach out anyway; we will be candid about fit.

Question 6

How long does the transition take?

Accepted Answer

Most engagements move from signed agreement to fully implemented lineup in 30–60 days. There is no participant-facing disruption; contributions continue normally throughout.

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