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Wednesday, May 31, 2017 | Raleigh, NC

Plan Sponsors' Biggest Surprises about 3(38)

Once thought to be applicable only for defined benefit pension plans, 3(38) investment management services have become a niche offering for small 401(k) plans, and, lately, demand for those services has grown rapidly among larger 401(k)s and nonprofit 403(b) plans. And it’s easy to see why. Hiring an advisor to take on discretionary responsibility for fund selection and replacement both frees up committee members’ time and reduces fiduciary risk. 

Even so, plan sponsors are often surprised about the real impact that outsourcing fund selection—and the related liability—to a third party has on their day-to-day plan-related activities. 

In this webinar, CAPTRUST Defined Contribution Practice Leader Scott Matheson moderates a 60-minute discussion with CAPTRUST senior investment experts, Jennifer Dunbar and John Leissner.

We cover the basics, including:

• What does a 3(38) investment manager do?
• What are the pros and cons of outsourcing fiduciary risk?
• What should I look for when hiring an advisor for 3(38) services?

And we share the top five surprises plan sponsors experience after hiring a 3(38) investment manager for their defined contribution plans.

Click here to listen to the recording.



Position Paper | Need Help Navigating Investment Responsibilities? Five Questions for Defined Contribution Plan Sponsors

Article | So You Hired an ERISA §3(38) Fiduciary … Now What?

Article | Investment Advisor vs. Investment Manager? - No Contest (Really)


VESTED, Summer 2017

We are pleased to announce that the Summer 2017 issue of VESTED, CAPTRUST’s magazine for clients and friends, is now available. Subscribing clients will receive their copies in the mail the week of June 26. If you are interested in receiving VESTED Magazine, please contact your CAPTRUST financial advisor or let us know via email.

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Fiduciary Rule Driving Advisor RFP Activity

So far this year, CAPTRUST has received more than 120 advisor requests for proposal (RFPs) from retirement plan sponsors evaluating their current advisory relationships or seeking to hire advisors. This activity level represents the highest volume of RFPs CAPTRUST has experienced since it began formally responding to advisor RFPs in 2002.

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Fielding Miller on Curating Success at CAPTRUST

A recent InvestmentNews article explores how the RIA “space saw a record 44 mergers and acquisitions during the first quarter of 2017.” So far this year, CAPTRUST has completed five such transactions, and the article quotes CEO Fielding Miller that “‘We’re looking for people who still have some gas in the tank and are still looking to grow.’”

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