Third Party Investment Selection 3(38)

  • Investment Philosophy
  • 3(38) Managers for Plan Sponsors
  • Understanding Stable Value Funds
  • Summary of Fiduciary Duties for Plan Sponsors
Investment Philosophy

All too often retirement plan offerings are opaque and confusing. First Ascent Asset Management is dedicated to providing financial advisors and plan sponsors with transparent, conflict free investment advice. We have no proprietary investment products and do not accept payments from investment product providers. This allows us to remain completely objective and focus on improving the quality of plan investments as well as lowering costs for participants. When we act as a 3(38) fiduciary investment manager in retirement plans we are always dedicated to recommending the best suite of investment options for your plan.

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Who is First Ascent
3(38) Managers for Plan Sponsors

As a plan sponsor for your company’s retirement plan, you have a fiduciary responsibility for the investments that you offer. It is your duty to function as an investment expert when selecting and monitoring the plan's investment options. If you are not an investment expert, a 3(38) Investment Manager may be a good option to protect your firm from liability and ensure that the plan’s investments are chosen for the best interests of your employees.

First Ascent Asset Management
Understanding Stable Value Funds

An important decision to make within your company’s retirement plan is whether to offer a stable value investment option to plan participants. Stable value funds can offer participants stable long-term returns with lower risk and volatility than traditional investment options. However, these funds also come with additional restrictions that you should be aware of when deciding if a stable value options is right for your company’s retirement plan.

First Ascent Asset Management
Summary of Fiduciary Duties for Plan Sponsors

When your firm offers a retirement plan to your employees, as a plan sponsor you are a fiduciary and have important responsibilities under the law. It is important that you fully understand your responsibilities in order to protect your firm from liability and effectively serve the best interests of your employees.

First Ascent Asset Management

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