ExpertPlan, One Capital in Product Partnership

One Capital offers managed portfolios of exchange-traded funds (ETFs) as well as Employee Retirement Income Security Act (ERISA) 3(38) services.

One Capital establishes and maintains strategic asset solutions models, which are offered as investment alternatives to plan participants. When a participant selects a model, OCM invests the participant’s account assets in a mix of ETFs in accordance with the selected model.

The product is a non-commissionable, full-service retirement plan that offers investment options for retirement plan sponsors seeking balanced asset-allocation models. OCM-supported portfolios are low cost and offer investment opportunities without the higher costs of traditional mutual funds or funds of funds.

The average mutual fund in a 401(k) plan has an investment expense of 1.24%. One Capital’s Strategic Retirement Solution (ETF Only) portfolios have an investment expense of 0.34%. Strategic Retirement Solution (ETF Only) is a means to diversify a portfolio across multiple geographic regions, asset classes, and sectors to enhance investment returns and reduce risk. OCM actively manages global equity and fixed-income ETFs to construct multi-asset class retirement portfolios.

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Helping employees to become retirement ready requires more than a 401(k) plan and a range of investments, said Patrick J. Bowen, president and partner with One Capital Management. “We believe that ExpertPlan shares OCM’s goal to provide clients with a retirement planning solution that fits the needs of both the plan sponsor and participants,” Bowen said.

The product partnership will allow a plan sponsor to transfer fiduciary liability for overseeing plan investments by formally delegating responsibility in writing to One Capital Management as the ERISA section 3(38) investment manager. The strategy clearly discloses all plan expenses to help plan sponsors comply with fee disclosures and fully understand all plan costs, thereby helping them to gain further protection from fiduciary liability.

“We advise plan sponsors, committees and fiduciaries in understanding and addressing responsibilities to their plan and participants,” said Brad M. Barrett, vice president of wealth management and director of retirement plan solutions at One Capital. “We wanted a solution that would benchmark favorably in today’s fee-sensitive environment.”

This product partnership allows ExpertPlan to provide support to financial professionals to meet the demands of plan sponsors. According to Rick Keast, senior vice president of sales and business development at ExpertPlan, the strategy will particularly benefit plan sponsors and participants in the micro and small-business marketplace.

ExpertPlan, headquartered outside Princeton, New Jersey, is a provider of private-labeled recordkeeping solutions.

One Capital Management, inWestlake Village, California, provides managed retirement portfolios using ETFs and serves in an ERISA 3(38) capacity providing discretionary co-fiduciary services for retirement plans and participants.