Cannon Capital serves company retirement plans as a 3(38) investment fiduciary — the highest standard of investment responsibility under ERISA. We select and monitor the investments, we carry that liability instead of you, and we show up for your employees. In person.
Most company plans have a record keeper over here, a payroll provider over there, maybe an investment advisor somewhere — and no one coordinating any of it. The liability sits on you, the fees hide in revenue sharing, and the advisor never meets the people actually in the plan.
As plan sponsor, you're a fiduciary whether you asked to be or not. Every fund on the menu is your legal responsibility — unless a 3(38) investment manager formally takes that responsibility on.
Most plan advisors visit once a year, if that. Around half of participants never even log in to their account. They're auto-enrolled into a default and left there — doing "fine" with no idea why.
Revenue sharing and bundled pricing quietly move costs onto participants. If you can't state what your plan costs, that's the point — you're not supposed to be able to.
A plan nobody understands is a benefit nobody values. Low participation hurts your testing, your match dollars, and your ability to keep good people.
A 3(21) fiduciary suggests investments, but the final call stays with the employer. So does the legal responsibility for every fund on the menu, every quarter, forever.
We take discretionary responsibility for selecting, monitoring, and replacing the plan's investments. Your fiduciary duty narrows to having prudently hired us. That's the difference between advice and accountability.
Cannon Capital Management acts as an ERISA 3(38) investment manager for the plan's investment lineup. Certain services described below — trustee meeting support, plan design consulting, and participant education — are non-fiduciary services provided alongside that role.
We build, monitor, and document the investment lineup — and assume the investment liability that would otherwise sit with you.
We run the trustee meetings, keep the minutes, and maintain the fiduciary file — so when someone asks for the paper trail, it exists.
Match structure, eligibility, auto-enrollment, vesting — designed around what you're trying to accomplish: participation, retention, and owners and executives who can actually use the plan.
Regular on-site or Zoom sessions that explain the plan in plain English — what the match is worth, what the defaults mean, and why any of it matters.
Every employee can sit down with an advisor — the thing almost no plan advisor offers, and the reason participation and appreciation of the benefit actually move.
Record keeper, payroll, TPA, auditors — we sit in the middle and make them run as one system. You keep the vendors you like; we make them talk to each other.
Fee-based, no commissions, no revenue sharing in our pocket. You and your participants can see exactly what the plan costs — and benchmark it.
We typically serve established Utah plans — generally $1 million and up in plan assets with a meaningful company match — where the sponsor wants the liability handled properly and the employees looked after. If you're the HR director, CFO, controller, or owner who inherited this responsibility: this is the conversation to have.
A complimentary, no-obligation review of your current plan: fees, fund lineup, documentation, and where the liability actually sits today.