OUTSOURCE YOUR FIDUCIARY INVESTMENT LIABILITY

3(38) Investment Fiduciaries is a solution for plan sponsors who want to minimize their retirement plan fiduciary investment exposure. We will partner with your plan’s financial advisor or consultant to build the investment offering available to your participants. Our firm will sign on as a 3(38) Investment Fiduciary to monitor, document, and execute fund changes for our plan sponsor clients. We will provide ongoing reporting on whether the funds are being placed on watch list or being removed

SERVICES

Stated in Writing

3(38) Investment Fiduciaries states our fiduciary status in writing.

Investment Selection Fiduciary

We become the fiduciary for the investment offering available to the participants.

Investment Policy Statement

We build a documented process and use an investment policy statement as the framework for our investment decisions.

Custom Investment Menu

We can tailor an investment line-up to your plan and participant demographics.

No Proprietary Fund Requirements

We are fund agnostic and can work with almost any provider.

Monitoring & Oversight

We provide ongoing due diligence of the funds that are made available to your participants and will make changes if needed.

DALBAR Certification

3(38) Investment Fiduciaries is excited to announce that we recently earned the 2018 DALBAR CERTIFICATION ADVISER AWARD. In order to earn the certification, we underwent an in-depth evaluation and an assessment of the alignment of our contract and services.

 

The due diligence is consistent with the guidelines provided by the United States Department of Labor for Advisers operating under the Employee Retirement Income Security Act of 1974, as amended (ERISA) Section 3(38) and associated regulations.

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A Retirement Plan Adviser that has earned the DALBAR Certification provides Individuals, Trustees and Fiduciaries the following benefits:

  • Independently affirms that our investment process follows a prudent process using generally accepted investment theory.
  • Gives comfort that the Adviser has been independently examined, deemed/found to be qualified, and has the written obligation to act in you and your employee’s best interest in a fiduciary capacity.
  • Allows Trustees and Fiduciaries of a Retirement Plan to use the Dalbar credentials to better comply with the regulation that requires fiduciaries to prudently select and monitor all investments used.
  • Confirms that our firm will explicitly state in writing that we are serving as the investment fiduciary.
  • Independently affirms that we have been highly effective in delivering the most important measures of an investment manager in areas of Trust, Performance, Advice and Service.
  • If you would like us to perform a fiduciary review of your Plan and or would like a full copy of the DALBAR report, feel free to email a request to info@338if.com 

Investment Process Methodology – Overview

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3(38) Investment Fiduciaries follows a pass/fail criteria, on a scale of 0 to 100 (with 100 being the best) for active managers. This investment due diligence methodology incorporates both quantitative and qualitative factors in evaluating fund managers and their investment strategies.

 

Eighty percent of the fund’s score is quantitative which incorporates such factors as style, risk/return, and peer group rankings. The other 20% of the score is qualitative, taking into account things such as manager tenure and the fund’s expense ratio relative to the average fund expense ratio in that asset class category.