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View More Press Releases by Cafaro Greenleaf

Press release:

Cafaro Greenleaf Rolls Out Customized Investment Fiduciary Solution

Issued by: Cafaro Greenleaf

Date: Feb. 5, 2015

RED BANK, NJ, February 5, 2015 -- Cafaro Greenleaf, an industry leading and nationally recognized boutique investment advisory and consulting firm to corporate, public, and non-profit retirement plans, is pleased to announce the launch of its ERISA 3(21) and 3(38) Investment Fiduciary Services. The service was developed in response to strong demand from advisors and retirement plan sponsors seeking expert advice on selecting and monitoring the investment options available to plan participants, while mitigating fiduciary liability for plan trustees.

Under section 3(38) of the Employee Retirement Income Security Act (ERISA), Plan Sponsors can delegate the management of plan investment options to a qualified Investment Manager, transferring the fiduciary responsibility and liability associated with selecting and monitoring plan investment options. A 3(38) fiduciary may only be a bank, an insurance company or a registered investment adviser (RIA).

Cafaro Greenleaf's 3(21) Fiduciary Guidance Platform allows advisors to focus on serving plan-sponsor clients, and those clients to focus on their employees and their business. As a 3(38) fiduciary under its Fiduciary Blanket Program, Cafaro Greenleaf provides Plans and trustees protection by acting as a full discretion fiduciary under ERISA. Many advisors are either unwilling or unable to act as a retirement plan fiduciary, as their broker dealers many times prohibit this role. Adding these plan-level services can help both advisors, and providers retain plan clients. Cafaro Greenleaf's depth of experience, and in-house due diligence, monitoring and reporting systems provide the comprehensive unbiased and independent analysis that clients have relied on for 34 years.

Stephen Dopp, Cafaro Greenleaf Senior Investment Analyst, said of the program, "Our singular focus on retirement plans makes us uniquely qualified to evaluate and implement investment solutions in defined contribution plans. The Fiduciary Blanket program is a way for plan fiduciaries and advisors to leverage our thought leadership and unique investment approach to enhance participant outcomes. We are excited to now launch this program on a national scale."

"In looking at the 3(21) & 3(38) options currently available in the marketplace, we saw a real opportunity to bring advisors, vendors and sponsors alike an alternative that goes much deeper than a check the box," commented Wayne Greenleaf, Managing Principal. "Our solution is fully customized, proprietary, and independent, delivered with the true retirement-centric approach and expertise Cafaro Greenleaf has become known for."

For more information on the Fiduciary Guidance or Fiduciary Blanket programs, please contact Mike Kushner, Fiduciary Services Advisor, or visit

About Cafaro Greenleaf

Since 1981, Cafaro Greenleaf has been registered investment advisors and consultants to corporate and institutional retirement plans, nationwide. Their service offering includes: investment policy design, investment selection with open architecture, due diligence and implementation, and monitoring and replacement of plan investments. We are frequent and in demand guest and panel speakers at employer and industry pension forums across the country, contribute articles and columns for various industry publications, and have testified in front of the DOL and Congress. Some of our most recent awards and recognitions include: "Top 100 Consultants" by Pensions & Investments®, "Retirement Plan Advisor of The Year" by PlanSponsor® magazine, "401k Industry's 50 Most Influential Advisors" by 401k Wire®, "Top 100 Retirement Plan Advisors" by Plan Advisor®.


View More Press Releases by Cafaro Greenleaf

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