Employers are very aware that the retirement plan offered to your workforce is critical to your ability to attract and retain employees. You want employees to use your benefit plans to regularly save for retirement.

You also want your employees to know you are acting in their best interest, giving them retirement plan options that fit their needs.

The two biggest issues facing retirement benefit plan sponsors today are:

An investment consultant and/or outsourced CIO / OCIO can help you face those retirement plan decisions. Whether you decide to maintain a traditional 3(21) arrangement or to adopt an OCIO 3(38) role depends on several factors like risk tolerance; the knowledge and experience of internal resources; and your ability to find a suitable investment consulting firm.

Investment Consultant vs. OCIO Evaluation

Many corporations retain the same investment consultant for years. In discussions with clients, we are often asked the following questions:

  • What investment consulting model is the most beneficial (3(21), 3(38), hybrid)? What are the pros, cons, risks, and benefits of each model?
  • How do we objectively evaluate our investment manager options? What criteria should we use?
  • What metrics should we be using to measure the effectiveness of our investment consultant? Are their fees competitive in the marketplace?
  • How do we monitor the performance of our investment consultant ongoing?

We provide unbiased guidance throughout the search and evaluation process, looking at key differentiators such as the stability of the firm, the strength of the proposed project team, and the investment policies to help you predict the risk and returns.

Working with Curcio Webb

Curcio Webb assists our client in several ways:

  • Weighing the advantages and disadvantages of a 3(21) versus a 3(38) based on a client’s culture and objectives
  • Renewing investment consulting service agreements to ensure you receive competitive contract terms, performance standard commitments, financial terms, and appropriate service scope
  • Conducting a search for an investment advisor, either 3(21) or 3(38)
  • Benchmarking the current service agreement to help employers determine the value of conducting a search vs. renewing with their existing consultant

Our Investment Consultant/OCIO Selection and Monitoring Experience

Curcio Webb has supported numerous investment consultant and OCIO selection projects.  We have worked with numerous clients across all types of industries that sponsor some of the most complicated retirement plans in the country.  These experiences have allowed us to accumulate considerable amounts of data that is used in all our investment consultant and OCIO selection, renewal, and benchmarking projects.

Our team members are comprised of subject matter experts. We do not believe that generalists can drive the specific outcomes our clients desire. Curcio Webb consultants have a varied background, which includes working for providers, global consulting firms, and industry. In addition, we have actuaries who joined Curcio Webb from large consulting firms and an ERISA attorney who served as an internal benefits attorney for two Fortune 50 organizations.