Investment Selection & Monitoring

One of the most critical areas of plan management is the Investment Selection and Monitoring process.

A well-documented, prudent investment process is  an area that the Department of Labor (DOL) is keenly focused on when conducting a plan audit. Recognizing that even the most astute plan fiduciary has little control over how a selected investment performs, the DOL wants to know that — at the very least — plan fiduciaries follow a prudent process and document that process.
A structured process that is defined and then adhered to, leads to better and more informed fiduciary decision-making an ultimately to an improved investment options for your participants to choose from. 

The members of Corporate Benefit Advisors, Inc provide plan sponsors with a comprehensive and systematic process to analyze, select, monitor and, when necessary, replace investments. They utilize several of the best, most robust analytical tools available in the industry today and have developed an in-house process and ranking system.

This broad-based and well-documented approach helps plan sponsors:

• Develop and refine an Investment Policy Statement (IPS)
• Evaluate the current investment options to identify any gaps or underperforming funds
• Recommend changes where appropriate
• Form and manage an investment committee when appropriate
• Conduct recurring Investment Committee meetings
• Document the minutes of all Committee meetings
• Provide high-quality documentation and reporting for the committee 
• Negotiate directly with the vendors to improve the investment options and cost structure of those options

In the end, the goal is to help plan fiduciaries develop and maintain a prudent investment process; provide them with in-depth fund review and monitoring, as well as enhance the investment opportunities for participants