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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)


Upcoming Webinar! Rising Interest Rates

In this upcoming webinar, CAPTRUST Defined Contribution Practice Leader Scott Matheson and colleagues Jennifer Doss and David Hood will present their views on what plan sponsors need to know about rising interest rates and the impact on retirement plans.

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Press Releases

CAPTRUST Merges with Knox Capital Group

CAPTRUST, one of the nation’s leading wealth management and institutional advisory firms, announced that Salt Lake City-based Knox Capital Group, one of Utah’s premier wealth management firms, has joined the family, bringing with it over $300 million in client assets.

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VESTED, Winter 2018

We are pleased to announce that the Winter 2018 issue of VESTED, CAPTRUST’s magazine for clients and friends, is now available. Subscribing clients will receive their copies in the mail this week. If you are interested in receiving VESTED Magazine, please let us know via email.

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