Fiduciary Audit Package

Fiduciary Audit Package

We strive to offer plan sponsor fiduciaries (known as Investment Stewards) industry leading solutions. Our co-fiduciary offering helps you pursue the highest level of fiduciary standards. Its solutions help ensure fiduciary safety through the effective use of investment committee training, plan governance, provider monitoring, and electronic document storage.

Fiduciary Oversight

Investment stewards wear many professional hats. And while they may spend the least amount of their working life on retirement plan issues, their fiduciary role possesses the most significant amount of personal risk in the corporate arena. Inundated with primary job functions, finance and human resources executives lament their lack of time and tools to fulfill their fiduciary accountabilities, with a high level of assurance. This uncertainty is the main cause of their concern towards their personal liability as a fiduciary.

To help meet this void, we offer a fiduciary oversight program that strives to deliver coverage and help ensures excellence in plan management through independent governance and monitoring. Our firm offers the fiduciary oversight program to its member advisors’ plan sponsor clients.

Under this program, our clients satisfy the following fiduciary functions with an uncompromised level of assurance:

  1. Demonstrate prudence through a document trail;
  2. Understand the key factors around investment management decision making;
  3. Adhere to the plan document and the committees’ investment strategies;
  4. Avoid conflicts of interest;
  5. Monitor service providers according to the new global benchmarks of fiduciary excellence.

Why plan sponsors use our fiduciary oversight program:

Easy to Use

Fiduciary functions are managed effectively through a written co-fiduciary arrangement. With our program we strive to help you save time, reduce personal risk, and gain access to critical fiduciary tools.

Document Decisions

Managed within a protected fiduciary document solution, investment committees can demonstrate ERISA’s prudence requirements through a trail of informed decisions. With a point and click, fiduciaries can evidence their investment rationale and map key decisions to the plan’s guiding documents.

Continuity of Conduct

We help ensure a high level of continuity in the event of investment committee turnover. Our fiduciary oversight program preserves the integrity of past decisions and provides effective succession for future fiduciary governance.

Clarify Roles and Responsibilities

We help investment committees align internal responsibilities and benchmark the services of operational platform providers such as administrators, record keepers, custodians, and investment managers.