Understanding 3(38) Investment Management
Defined contribution plans have become the focus of the U.S. retirement system, but as the popularity of these plans has grown over the last several decades, regulators have simultaneously increased their level of scrutiny on retirement plan administrators along with their fiduciaries, requiring those plan fiduciaries to navigate a challenging and risky environment.
Whether you’re a public or private company offering a 401(k) plan to employees or a nonprofit institution navigating the management of a 403b plan, the watchful eyes of regulators — specifically the Department of Labor (DOL) and the Internal Revenue Service (IRS) — are closely monitoring your oversight of the plan that you offer.
It’s imperative that plan administrators understand the full scope of their roles and the related responsibilities of the oversight of their organization’s retirement plan in order to understand the risks involved with the plan and to manage them effectively. In this whitepaper, we’ll review fiduciary responsibilities and considerations and lay forth details as to why the addition of a 3(38) investment manager can help to mitigate risk and lead to a smooth, efficient investment management process.
Complete the form below to download MFA’s whitepaper, Understanding 3(38) Investment Management.
Material discussed in this communication is meant to provide general information and should not be acted on without obtaining professional advice tailored to you or your company’s individual and specific needs. Any tax advice contained in this communication (including any attachments) is not intended or written to be used, and cannot be used by any person or entity, for the purpose of (i) avoiding penalties that may be imposed on any taxpayer or (ii) promoting, marketing or recommending to another party any transaction or matter addressed herein. This information is for general guidance only and is not a substitute for professional advice.
The information contained herein should not be construed as personalized investment advice. Investment in securities involves the risk of loss, and past performance is no guarantee of future results. There is no guarantee that the views and opinions expressed in this document will come to pass. Historical performance results for investment indexes and/or categories generally do not reflect the deduction of transaction and/or custodial charges or the deduction of an investment-management fee, the incurrence of which would have the effect of decreasing historical performance results. There can be no assurances that your portfolio will match or outperform any particular benchmark.
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