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Timely, relevant, and actionable investment perspective, best practices, and planning insights for institutional and wealth management clients from CAPTRUST's Consulting Research Group.

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The Surprising Benefits of a 3(38) Fiduciary

Thursday, June 29, 2017

Investment advisors have long assumed the role of 3(38) investment manager for pension plans. But increasingly, these services are being extended to defined contribution plans too. Time savings, risk transfer, and an interest in creating better outcomes are among the factors driving defined contribution plan demand for 3(38) investment managers.

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Mixing Up the Puzzle Pieces

Friday, July 01, 2016

This DOL’s redefinition of who is an ERISA fiduciary is the farthest-reaching piece of retirement regulation promulgated in more than 40 years. The fiduciary rule will result in more parties labeled as fiduciaries, more actions qualifying as fiduciary activities, and more investors benefiting from ERISA’s protections. Although we don’t know how all the details will shake out, we do want to share what we know at this point.

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Private Foundation Governance

Tuesday, May 24, 2016

The Uniform Prudent Management of Institutional Funds Act suggests that charitable organizations must find an appropriate balance between investment returns and spending to fulfill their charitable intent. With board and committee membership in constant rotation and limited resources, how do you balance spending with the need for long-term sustainability of assets to support a philanthropic mission? One word sums up this question’s answer: Governance.

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

Sunday, March 06, 2016

Plan sponsors are looking for help managing their retirement plans. In some cases, they are turning to their plan advisors, asking them to do more on their behalf. But hiring a 3(38) investment manager is not a panacea; the process of selecting and engaging a 3(38) itself is a fiduciary responsibility.

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To Terminate or Not to Terminate

Monday, February 29, 2016

Is now the right time to de-risk our pension plan? To terminate or not to terminate? What do I do now? The burgeoning level of pension risk transfer (PRT) activity for traditional defined benefit plans demonstrates that plan sponsors have been grappling with plan termination questions with increased frequency over the past several years.

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

Tuesday, December 15, 2015

No one way of utilizing investment advisory services will be a good fit for all. To clarify some of the considerations involved in selecting the ideal approach, we asked Jennifer Eller, a principal with the Groom Law Group, to author this position piece on the differences between advising and managing a company’s retirement plan as described by ERISA.

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