Stone Hill Fiduciary Management

What Stone Hill Fiduciary Management does

Stone Hill Fiduciary Management, LLC is a privately held independent ERISA fiduciary founded in 2012 by Sheldon M. Geller and headquartered in Great Neck, New York. The firm serves corporate retirement plan sponsors by assuming comprehensive fiduciary responsibility under ERISA Sections 3(21) (Investment Advisor), 3(38) (Investment Manager), and 3(16) (Plan Administrator), as well as 402(a) Named Fiduciary authority for plan administration and investment. Its core service is the delegation of fiduciary decision-making from plan sponsors — typically CFOs, HR managers, boards, and retirement plan committees — to an independent, conflict-free advisor that operates under the ERISA prudent-person standard of care. Stone Hill currently serves 90+ clients with approximately $1.8 billion in plan assets under management.

The platform comprises a structured set of governance deliverables rather than a traditional software product: Managing Fiduciary Retention Agreements, Investment Advisor Service Agreements, Resolutions and Plan Amendments, Retirement Plan Committee documents, Oversight Charters, Quarterly Monitoring Reports, Annual Reports, and Annual Certification Letters. Add-on modules include a 408(b)(2) fiduciary self-audit, a triennial service provider review process, and revenue sharing/fee recapture account management. Pricing is a fixed-fee structure set at the greater of $20,000 or 20 basis points annually, capped at $100,000, billed quarterly in advance, with all current clients on fixed-fee arrangements.

The go-to-market is exclusively direct enterprise engagement, supported by a curated referral network of major accounting firms (Grassi, CohnReznick, RSM), law firms (Greenberg Traurig, Cozen O'Connor, Dechert), and benefits consultants. The firm holds preferred advisor status in the Fidelity Concierge Program (50+ clients, since 2018) and the ADP Retirement Services Platinum Elite Program (20+ clients, since 2020), and its founder maintains a 40+ article thought-leadership position in The CPA Journal. Headcount is 1–10, the firm is founder-led, and there is no venture funding, no M&A history, and no evidence of geographic expansion outside the United States.

Name

Stone Hill Fiduciary Management

Legal name

Stone Hill Fiduciary Management, LLC

Website

https://stonehillfiduciary.com

Company type

Private

Founded year

2012

Operating status

Operating

Headcount range

1–10 employees

Short description

Stone Hill Fiduciary Management is an independent ERISA fiduciary serving corporate retirement plan sponsors with integrated 3(21), 3(38), and 3(16) investment advisory, management, and administration services under a fixed-fee model, currently covering 90+ clients and approximately $1.8 billion in plan assets.

Ownership category

akta.pro rank

Product category

Retirement Plan Fiduciary Services

NAICS

Trust, Fiduciary, and Custody Activities (523991), Pharmacy Benefit Management and Other Third Party Administration of Insurance and Pension Funds (524292)

akta.pro industry

PRIMARYFSAAAGAJ

Institutional Consultants & Fiduciary Management (Investment Consulting)

Financial & Insurance/Asset & Wealth Management/Asset Management — Institutional (Pensions, Endowments, Sovereign)

SECONDARYFSAAANAC

Employee Benefit & Retirement Plan Trust Services

Financial & Insurance/Asset & Wealth Management/Trust & Fiduciary Services (Trust Companies, Estate & Custody Trusts)

SECONDARYFSAAANAL

Fiduciary Agency & Trustee-for-Hire Services

Financial & Insurance/Asset & Wealth Management/Trust & Fiduciary Services (Trust Companies, Estate & Custody Trusts)

SECONDARYFSAEAKAI

Fiduciary Investment Management (Trust Portfolios)

Financial & Insurance/Financial Advisory, Brokerage & Intermediation/Fiduciary, Trust & Estate Advisory

Keywords

• ERISA fiduciary services
• Retirement plan advisory
• 401(k) plan administration
• Plan investment management
• Independent fiduciary management

Headquarters

HQ city

Great Neck

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Others

Revenue model

1. Investment Advisory and ERISA Fiduciary Services: Annual fee for investment advisory and ERISA fiduciary services as Managing Fiduciary, Named Fiduciary for Plan Administration, Named Fiduciary for Plan Investment, Investment Manager, and Registered Investment Advisor. Fee is the greater of $20,000 fixed amount or 20 basis points fixed rate, not to exceed $100,000. Payable quarterly in advance. No performance fees. Currently all clients have fixed fee arrangements, payable from the plan or employer.
2. ERISA Fee Recapture Account Management: Establishment and management of ERISA fee recapture accounts, plan expense reimbursement accounts, and budget accounts resident with plan custodian or corporate trustee, enabling plan sponsors to control revenues and expenses associated with plan investment

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

Stone Hill Fiduciary Management provides independent ERISA fiduciary services for corporate retirement plan sponsors, acting as investment advisor under Section 3(21), investment manager under Section 3(38), and plan administrator under Section 3(16). The firm serves approximately 90 plan sponsor clients with roughly $1.8 billion in plan assets under management, delivering named fiduciary, fiduciary self-audit, revenue sharing management, and managing fiduciary services on a fee-for-service basis.

Product overview

Stone Hill Fiduciary Management operates as a single unified service offering—an independent ERISA fiduciary platform for retirement plan sponsors. The core offering comprises four integrated ERISA fiduciary roles: ERISA Section 3(21) Investment Advisor, ERISA Section 3(38) Investment Manager, ERISA Section 3(16) Plan Administrator, and ERISA Section 402(a) Named Fiduciary for Plan Administration and Plan Investment. These are supplemented by add-on modules including quarterly monitoring reports, annual certification letters, 408(b)(2) fiduciary self-audits, and revenue sharing management services. The company offers a fixed-fee pricing structure with a minimum of $20,000 and maximum of $100,000 annually. Preferred partner program integrations exist with Fidelity (Concierge Program) and ADP Retirement Services (Elite Program).

Differentiator

Problem solved

Functional benefit

Products and services

• ERISA Section 3(21) Investment Advisor Services
• ERISA Section 3(38) Investment Manager Services Discretionary investment management service in which Stone Hill assumes Section 3(38) fiduciary status and full discretion over the selection, monitoring, and replacement of the plan's investment options, shifting investment discretion and related fiduciary liability away from the plan sponsor.
• ERISA Section 3(16) Plan Administration Services Plan administration fiduciary service in which Stone Hill takes on Section 3(16) fiduciary responsibility for the day-to-day operational and administrative functions of the corporate retirement plan, including signature authority over plan documents and filings on behalf of the plan sponsor.
• Named Fiduciary Services for Plan Administration and Investment Service in which Stone Hill is formally named as the plan's fiduciary for both administrative and investment functions, allowing the plan sponsor to delegate fiduciary authority and document a clear chain of accountability under ERISA.
• ERISA Section 408(b)(2) Fiduciary Self-Audit Self-audit service through which Stone Hill reviews and documents plan service provider compensation arrangements, revenue sharing, and Section 408(b)(2) disclosures to verify reasonableness and identify conflicts on behalf of the plan sponsor.
• Managing Fiduciary Services Ongoing managing fiduciary service that delivers quarterly monitoring reports and an annual certification letter to the plan sponsor, providing documented, recurring evidence of fiduciary oversight of the plan's investments and administration.
• Revenue Sharing Management Services Service in which Stone Hill identifies, tracks, and manages revenue sharing paid to the plan by service providers, with the goal of recapturing or rebating excess revenue sharing to plan participants and reducing overall plan cost.

Named customers8 records

Segments3 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Six partnerships are on record, tiered core and minor.

• ADP Retirement ServicescoreGTM or Marketing Partner · 1 January 2020Platinum Level Elite Program Advisor status with exclusive services for over 20 clients. Stone Hill conducts RFP and recordkeeper searches resulting in transitions to ADP (e.g., Nobu Group $10M plan in 2019). ADP representatives actively refer clients to Stone Hill.
• Fidelity InvestmentscoreGTM or Marketing Partner · 1 January 2018Preferred relationship status through Fidelity Concierge Program for over 50 clients. Stone Hill's clients receive increased efficiency and experienced service solutions. Stone Hill conducts RFP and recordkeeper searches resulting in transitions to Fidelity (e.g., G-III Apparel $163M plan in 2022, Sartorius $50M plan in 2018, $90M plan in 2015).
• Grassi & Co., CPAsminorImplementation/ SI/ Consulting PartnerAccounting firm whose Managing Partner Louis C. Grassi provides testimonial recommending Stone Hill. Partner Ronald J. Eagar has worked with Stone Hill for 30+ years. Firm recommends Stone Hill's services to their 401(k) plan audit clients.
• Greenberg Traurig, LLPminorImplementation/ SI/ Consulting PartnerLaw firm where Co-Chairman Jeffrey Mamorsky has worked with Sheldon Geller for 30 years and recommends Stone Hill's fiduciary services to plan sponsor clients.
• CohnReznick LLPminorImplementation/ SI/ Consulting PartnerAccounting firm whose partners Cindy McLoughlin and Asael Meir recommend Stone Hill for fiduciary risk management. Assurance Partner Gregory Natalucci shares Stone Hill's plan information with audit clients.
• RSM US LLPminorImplementation/ SI/ Consulting PartnerAccounting firm whose partner Eric Carroll recommends Stone Hill's value proposition and partner Gregory Natalucci shares Stone Hill's plan information with employee benefit plan audit clients.

Scale indicators4 records

Recent moves6 records

Expansion highlights4 records

Direct peers

• Cammack Retirement Group: Independent, fee-only retirement plan consulting firm providing 3(21)/3(38) fiduciary services to corporate plan sponsors. Directly comparable to Stone Hill in niche, independence model, and ERISA fiduciary focus, though at meaningfully greater scale.
• SageView Advisory Group: Independent retirement plan advisory firm offering 3(21)/3(38) investment fiduciary services to mid- and large-market plan sponsors. Closely comparable to Stone Hill in service model, independence, and target customer, but with significantly broader national footprint.
• EPIC Retirement Plan Services: Independent ERISA fiduciary consulting firm providing plan governance, investment oversight, and committee education to corporate DC plan sponsors. Direct niche overlap with Stone Hill's named-fiduciary and committee-support services.
• Pentegra Retirement Services: Provider of retirement plan fiduciary, administrative, and investment management services including 3(21)/3(38) and 3(16) capabilities. Direct comparable to Stone Hill on employee-benefit trust and fiduciary administration services.

Broad incumbents

• CAPTRUST: One of the largest independent RIA fiduciaries in the U.S., with a major retirement plan services practice providing 3(21)/3(38) advisory to thousands of corporate plans. Overlaps Stone Hill on core fiduciary services but at vastly greater scale and breadth.
• Mesirow Financial Retirement Plan Advisory: Broad financial services firm with a dedicated retirement plan advisory practice offering independent 3(21)/3(38) investment advisory to plan sponsors. Comparable fiduciary services but embedded in a larger, diversified platform.
• OneDigital: Large national benefits and retirement plan advisory firm offering fiduciary, recordkeeper selection, and plan governance services. Comparable customer base but very different scale and channel breadth versus Stone Hill's boutique model.
• Empower Retirement (3(38) Services): Major retirement recordkeeper that increasingly offers bundled 3(38) investment management to plan sponsors. Competitive threat to independent advisors like Stone Hill as the bundling trend compresses the independent 3(38) addressable market.

Emerging players

• Cetera Retirement Plan Solutions: Retirement plan-focused arm of a large IBD network providing 3(21) investment advisory and ERISA support to mid-market plans. Adjacent participant in the retirement plan fiduciary space with overlapping buyer personas.

Others

• Newport (Fidelity Institutional) Retirement Plan Services: Fidelity's recordkeeper-led retirement plan services arm and a key referral partner of Stone Hill through the Concierge Program. Indirectly comparable via shared plan-sponsor customers; provides recordkeeping, custody, and plan-support infrastructure.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/Stone-Hill-Fiduciary-378880308850464

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Stone Hill Fiduciary Management