Benefits Functional Fiduciaries, Inc.
Financial ServicesCalifornia, United States2-10 Employees
At Benefits Functional Fiduciaries, Inc. (or BFF®) we understand the time-consuming hassles of administering a 401(k) plan or human resources activities. Our work not only frees up the executives and staff who currently perform these functions and shelters them from fiduciary liability and reduces employment risk, it permanently lowers the total cost of maintaining the plan and HR administration in many ways. Under the Department of Labor’s ERISA section 3(16), every retirement plan sponsor has certain fiduciary obligations required for properly administering your plan. BFF® accepts the delegation of fiduciary responsibility that goes along with this role. Additionally, BFF® assists business owners in their efforts to develop employment practices for their workplaces to promote a positive employee experience, enhance company performance, limit legal exposure, and to help ensure regulatory compliance.