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ERISA 3(38)

Employer Plans

401k, 403B and SIMPLE IRA plans built for employers.

Managed Employer Plans explains how an ERISA 3(38) managed plan moves the legal liability for investment selection off the employer and onto a professional fiduciary, and why that matters as class action lawsuits against plan sponsors keep climbing. It covers the six pillars of the program, from full fiduciary coverage and algorithmic portfolio management to institutional pricing that typically cuts plan costs 50 to 60 percent, and compares a managed plan line by line against a typical bundled provider, with nothing to pay to switch.

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Protecting businesses from lawsuits.

5 Realities Driving the ERISA 3(38) Fiduciary Shift

Leaving employee retirement portfolios locked in passive buy and hold strategies leaves participant savings exposed to severe market downturns while creating massive legal exposure for plan sponsors. A dedicated ERISA 3(38) quantitative investment manager actively controls downside risk, enforces strict fee transparency, and shifts investment liability away from your company. Historical crash metrics and ongoing federal class action lawsuits show why static corporate plan management falls short. Below is the verified data detailing how trillions vanished in standard retirement plans and why regulatory scrutiny on plan sponsors is at an all time high.

The 4.9 Trillion Dollar Wipeout

During the 2008 financial crash, US retirement accounts lost $4.9 trillion in value across 401k and IRA plans, eliminating 32 percent of worker retirement wealth in a single year (Source: Urban Institute).

The Five Year Lost Horizon

The S&P 500 fell nearly 57 percent from its 2007 peak to its 2009 low, forcing passive buy and hold investors to wait until 2013 just to regain their initial account balance.

Surge in Corporate Fiduciary Lawsuits

In 2024 alone, over 130 ERISA class action lawsuits were filed against corporate plan sponsors for failing to monitor high cost funds and improper administration fees (Source: ERISA Litigation Database).

Conflicts of Interest and High Cost Funds

Federal courts consistently penalize plan fiduciaries for selecting expensive proprietary mutual funds that benefit financial institutions rather than serving the sole interest of plan participants.

Zero Active Risk Mitigation

Standard 401k menus lack dynamic risk management triggers, leaving corporate sponsors legally liable when passive target date funds drop sharply during broad market declines.

Full Fiduciary Coverage

Our partner RIA accepts full fiduciary responsibility and legal liability for investment selection and monitoring, removing your company’s exposure. If a fund choice is ever questioned, that responsibility sits with the fiduciary manager, not with your company or your HR team.

Investment liability accepted in full
Fund selection and monitoring handled
Company exposure eliminated on day one
Backed by our SEC registered advisory partner
ERISA 3(38) FiduciaryPillar 01 of 06
THE INVESTMENT RISK MOVES OFF YOUR DESK3(21)ADVICE ONLYA BROKEN WALL. THE RISK IS YOURS.3(38)FULLY MANAGEDA SOLID WALL. LIABILITY OFF YOUR DESK.
Typical Provider3(21) Advice Only
With Cambridge3(38) Full Protection
Employer LiabilityRemoved On Day One

Algorithmic Portfolio Management

A proprietary algorithmic engine watches every position around the clock and rebalances with data driven discipline. No emotion, no guesswork and no set and forget portfolios that drift for years between reviews.

Continuous monitoring, around the clock
Data driven rebalancing
Disciplined rules, no emotional trading
Adapts to changing market conditions
Algorithmic ManagementPillar 02 of 06
TYPICAL PROVIDERSET AND FORGET. ONE CHECKUP A YEAR.WITH CAMBRIDGE24/7 WATCHED AROUND THE CLOCK.MONITORED12 AM6 AM12 PM6 PM
Typical ProviderSet and Forget
With Cambridge24/7 Algorithmic
RebalancingContinuous

Lower Plan Costs, Fully Disclosed

Institutional pricing brings investment management fees down to 0.35 to 0.55% instead of the typical 0.80 to 1.20%. Every fee is disclosed in writing, and most employers save 30% or more compared to bundled providers.

Management fees 0.35 to 0.55%
Save 30% or more vs bundled providers
Every fee fully disclosed
$0 to switch
Lower Plan CostsPillar 03 of 06
0.25%0.50%0.75%1.00%1.25%TYPICAL PROVIDER1.20%SAVE 30%+ IN FEESWITH CAMBRIDGE0.55%TOP OF RANGE ANNUAL INVESTMENT MANAGEMENT FEE. FULL RANGES IN THE BAND BELOW.
Typical Provider0.80 to 1.20%
With Cambridge0.35 to 0.55%
Potential Fee Savings50 to 60% Savings

Employee Financial Wellness

Onboarding support, enrollment events and educational resources that help your team make confident retirement decisions. Financial wellness is built into the plan, not sold as an extra.

Enrollment events and HR training included
Quarterly education sessions
1 on 1 guidance for every employee
Year round support
Employee Financial WellnessPillar 04 of 06
ONBOARDINGEDUCATIONGUIDANCERETIREMENT READYENROLLMENT EVENTSQUARTERLY SESSIONS1 ON 1 GUIDANCECONFIDENT DECISIONS
OnboardingIncluded
EducationYear Round
GuidancePersonalized 1 on 1

A Custom Investment Lineup

Your fund menu is designed around your workforce demographics, income ranges and retirement timelines. Never a cookie cutter, off the shelf lineup that treats every company the same.

Built for your team, never off the shelf
Matched to workforce demographics
Reviewed and refreshed quarterly
Institutional pricing power
Custom Investment LineupPillar 05 of 06
OFF THE SHELFBUILT FOR YOUR TEAMEVERY COMPANY GETS THE SAME MENU.YOUR MENU, ASSEMBLED LIVE.
Fund MenuCustom Built
Driven ByYour Demographics
Off the ShelfNever Allowed

Dedicated Plan Support

A named advisor and service team who know your plan inside and out, with quarterly reviews and ongoing compliance support. Real people who answer, not a rotating call center. Whenever a question comes up, you reach one person who already knows your plan and your people, and so do your employees.

A named advisor who knows your plan
Quarterly plan reviews, not annual
Compliance support ongoing and included
Real people, not call centers
Dedicated Plan SupportPillar 06 of 06
TYPICAL PROVIDERONE REVIEW A YEARA FLATLINE BETWEEN CHECKUPS.WITH CAMBRIDGEQ1 REVIEWQ2 REVIEWQ3 REVIEWQ4 REVIEWREAL PEOPLE, NOT CALL CENTERS. A NAMED ADVISOR WHO KNOWS YOUR PLAN.
Plan ReviewsQuarterly
Your AdvisorDedicated
Employee EducationYear Round

From First Call to Fully Managed.

A straightforward process that gets your employees on a better retirement plan without disrupting your business. With your free discovery call, we do a plan analysis, check for fee savings, with no obligation to move forward. From there we design your plan: a custom fund lineup built for your workforce, a fully transparent fee schedule in writing, and a complete ERISA compliance review. When you are ready to move, we handle the full transition for you, run the enrollment events for your employees, and include the HR training so your team is never left guessing. Once your plan is live, the algorithmic engine manages it continuously, your advisor sits down with you for quarterly plan reviews, and support runs year round.

Discovery Conversation

We learn about your company, workforce demographics, current plan pain points and goals. No pressure, just an honest assessment of how we can help.

Custom Plan Design

We build a tailored 401k or retirement plan proposal with an investment lineup, fee structure and service model designed specifically for your team.

Seamless Implementation

The transition is handled for you: recordkeeper coordination, employee enrollment and education sessions. We make the switch easy for HR and employees alike.

Ongoing Management & Support

The algorithmic engine continuously monitors and rebalances. Your dedicated advisor provides quarterly reviews, compliance support and employee education.

Plan Types We Offer

Whether you are starting your first plan or upgrading an existing one, there is a solution designed for your business.

401k Plans

Traditional and Safe Harbor 401k plans with automatic enrollment, employer matching and full fiduciary investment management. We design the plan, set up the enrollment and matching structure, and manage the investments for you.

Auto EnrollmentEmployer Match DesignVesting Schedules
Profit Sharing Plans

Flexible profit sharing contributions that reward employees and provide tax advantages for your business. We design the contribution formula around your goals and take care of the paperwork each year.

Discretionary ContributionsTax Efficient DesignFlexible Formulas
Cash Balance Plans

Defined benefit plans ideal for business owners and executives looking to maximize tax deferred retirement savings. We handle the design and administration so owners can save beyond standard 401k limits.

High Contribution LimitsOwner Focused DesignTax Advantaged Growth
403B & Nonprofit Plans

Retirement plans designed for nonprofits, schools and tax exempt organizations with specialized compliance needs. We manage the specialized rules for you, whether your organization falls under ERISA or not.

Nonprofit SpecificUniversal AvailabilityERISA and Non ERISA
Plan Benchmarking

Independent fee analysis and plan design review to ensure your current plan is competitive and cost effective. We pull your plan’s real numbers, compare them against the market, and show you exactly where you stand.

Fee ComparisonInvestment AnalysisVendor Evaluation
Compliance & Governance

Ongoing compliance monitoring, plan document review and fiduciary governance support to keep your plan on track. We track the testing and deadlines, keep your documents current, and support your governance year round.

Annual TestingDocument UpdatesFiduciary Oversight
Side by Side Comparison
ServiceTypical ProviderWith Cambridge
Investment management fees0.80 to 1.20%0.35 to 0.55%
Fiduciary coverage3(21) onlyFull 3(38)
Investment responsibilityStays with the employerTransfers to advisor
Portfolio approachStatic modelAlgorithmic
Portfolio monitoringSet and forget24 hour monitoring
Fund lineupGeneric, off the shelfCustom built
Fee transparencyBundled and hiddenFully disclosed
Plan reviewsAnnualQuarterly
Compliance monitoringLeft to the employerOngoing and included
Dedicated advisorRotating call centerNamed advisor
Employee educationRarely includedIncluded, year round
Potential Fee Savings50 to 60% Savings
Fiduciary LevelFull Coverage
Transition Cost$0 To Switch

Every plan is different, and the numbers above reflect what we typically see when businesses make the switch. Your own comparison comes from your real plan data, benchmarked line by line in your free analysis.

One Broker. An Entire Industry at Your Back.5 Specialists
Annuity

Specialized vehicles that protect retirement wealth from market loss while keeping continued market growth.

Wealth Management

Algorithmic portfolio management through our RIA partners, watching every position with data driven discipline.

Insurance

Over 100 premier carriers and a century of underwriting expertise building a shield around your life and balance sheet.

Tax Free

Tax advantaged frameworks where your money compounds completely tax free, with liquidity through tax free policy loans.

Debt Free

Dividend paying vehicles from top tier mutual carriers that turn debt payments into generational wealth.

A broker is an independent professional who represents the client rather than a single company. There are many types of brokers, some focus on health insurance, auto coverage, or property and casualty insurance. At Cambridge Brokers, our specialty is wealth management, retirement planning and asset protection.

By working independently with over 100 top rated carriers, we can design retirement and insurance solutions tailored to your unique goals. For brokerage accounts that involve stock picking or market based investments, we partner with Solomon API, an SEC and FINRA registered advisory firm. Together this creates a dual service approach that draws on both insurance and brokerage solutions. We never take a cookie cutter, one size fits all approach, every plan is customized to your financial picture.
What we do is simple: we help you grow your wealth, insulate it from market risk, protect your assets and reduce tax exposure so you can retire with confidence or leave a legacy.

We use a combination of insurance based solutions, such as tax free cash value life insurance and annuities. Alongside these, we incorporate tactical brokerage accounts managed by our trusted partners at Solomon API. Together, this dual approach creates financial strategies that balance growth, protection and tax efficiency, all tailored to your goals.
What sets us apart is our mindset. Many brokers and advisors focus only on clients who already have $500,000 to $1 million to invest. As a result, just 26% of Americans work with a financial advisor, while most are locked out or priced out of professional guidance. Too often, people are left to rely on friends, family, or even social media for financial advice, leaving them vulnerable to misinformation.

At Cambridge Brokers, we believe access to financial guidance should not be reserved for the wealthy. We do not require retainers, down payments, or limit people to a handful of “free consultations.” Entry to our services is always free. We proudly serve families across the financial spectrum, from those building multi million dollar estates to those starting with as little as $100 a month toward retirement or education savings. Every client deserves thoughtful, personalized guidance, and we are committed to providing it.
We are fully independent. That means we are not bound to a single insurer and can offer solutions from over 100 A+ rated carriers. This independence allows us to tailor strategies based on your goals rather than one company’s product line.
No. Cambridge Brokers does not provide stock recommendations or manage investment portfolios directly. Our focus is on retirement planning, insurance solutions and tax efficient strategies.

For brokerage accounts that involve stock picking or market based investments, we work with our trusted partners at Solomon API, an SEC and FINRA registered advisory firm. This ensures clients receive expert investment management under strict federal regulatory oversight.
Yes. Every American qualifies for free, unlimited 60 minute consultations. No prescreening, no fees and no minimum account size.
All 50. Cambridge Brokers is licensed nationwide and meets clients by phone and video wherever they are.
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