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Retirement plan sponsors- Self assessment- Fiduciary

Retirement plan sponsors- Self assessment- Fiduciary

| June 19, 2020
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Self-Assessment – Fiduciary Role

 

Name:

Phone:

Email:

  1. Are investments managed in accordance with applicable laws, trust documents, and written investment policy statements? (Practice S-1.1)

 Yes

 

 No

 

 I Don't know

  1. Are the roles and responsibilities of all involved parties (fiduciaries and nonfiduciary) defined, documented, and acknowledged? (Practice S-1.2)

 Yes

 

 No

 

 I don't Know

  1. There is no indication that fiduciaries and parties in interest are involved in self-dealing? (Practice S-1.3) Yes No

 Yes

 

 No

 

 I don't know

  1. Are service agreements and contracts in writing? Are they written without provisions that conflict with fiduciary standards of care? (Practice S-1.4)

 Yes

 

 No

 

 I don't know

  1. Are assets within the jurisdiction of appropriate courts? Are they protected from theft and embezzlement? (Practice S-1.5)

 Yes

 

 No

 

 I don't know

  1. Has an investment time horizon been identified? (Practice S-2.1)

 Yes

 

 No

 

 I don't know

  1. Has a risk level been identified? (Practice S-2.2)

 Yes

 

 No

 

 I don't know

  1. Has an expected, modeled return to meet investment objectives been identified? (Practice S-2.3)

 Yes

 

 No

 

 I don't know

  1. Are selected asset classes consistent with the identified risk, return, and time horizon? (Practice S-2.4)

 Yes

 

 No

 

 I don't know

  1. Are selected asset classes consistent with implementation and monitoring constraints? (Practice S-2.5)

 Yes

 

 No

 

 I don't know

  1. Is there an Investment Policy Statement (IPS) which contains the detail to define, implement, and manage a specific investment strategy? (Practice S-2.6)

 Yes

 

 No

 

 I don't know

  1. Does the IPS define appropriately structured, socially responsible investment (SRI) strategies (where applicable)? (Practice S-2.7)

 Yes

 

 No

 

 I don't know

  1. Is the investment strategy implemented in compliance with the required level of prudence? (Practice S-3.1)

 Yes

 

 No

 

 I don't know

  1. Are applicable “Safe Harbor” provision followed (when elected)? (Practice S-3.2)

 Yes

 

 No

 

 I don't know

  1. Are investment vehicles appropriate for the portfolio size? (Practice S-3.3)

 Yes

 

 No

 

 I don't know

  1. Is a due diligence process followed in selecting service providers, including the custodian? (Practice S-3.4)

 Yes

 

 No

 

 I don't know

  1. Are there periodic reports comparing investment performance against an appropriate index, peer group, and IPS objectives? (Practice S-4.1)

 Yes

 

 No

 

 I don't know

  1. Are periodic reviews made of qualitative and/or organizational changes of investment decision-makers? (Practice S-4.2)

 Yes

 

 No

 

 I don't know

  1. Are control procedures in place to periodically review policies for best execution, “soft dollars,” and proxy voting? (Practice S-4.3)

 Yes

 

 No

 

 I don't know

  1. Are fees for investment management consistent with agreements and with all applicable laws? (Practice S-4.4)

 Yes

 

 No

 

 I don't know

  1. Are “finder’s fees” or other forms of compensation that may have been paid for asset placement appropriately applied, utilized, and documented? (Practice S-4.5)

 Yes

 

 No

 

 I don't know

  1. Is there a process to periodically review the organization’s effectiveness in meeting its fiduciary responsibilities? (Practice S-4.6)

 Yes

 

 No

 

 I don't know

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