| Our Fiduciary Navigator system builds on the strong foundation by implementing recurring fiduciary “best practices” to fulfill your fiduciary responsibilities. The core of the program is a disciplined approach to scheduled investment monitoring, fund replacement and fiduciary compliance checks, backed by consistent follow-up on pending corrective actions.
Throughout the entire process, our goal is to take the detail work off of your shoulders by completing the provider fund replacement forms, drafting required participant notifications and creating meeting minutes necessary to establish a complete document trail.
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Details |
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| Quarterly Investment Monitoring |
No matter how strong your plan’s investment provider is, fiduciaries need an objective and credentialed third-party expert to monitor your investment funds. We evaluate your investments using the Fiduciary Investment ReviewTM, based on the criteria in your Investment Policy Statement and recommend funds for replacement or “Watch List”. |
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Committee Meetings |
We coordinate regular, documented meetings of the Retirement Plan Committee to review plan operations, investments, administration, design and regulations. |
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| Comprehensive Plan Review |
At least annually, we meet with you to conduct a top- to- bottom plan review covering:
- Total cost analysis & disclosure
- Fiduciary Compliance ChecklistTM
- Service plan for the coming year
- Regulatory update
- Retirement plan trends
- Plan design review
- Fiduciary training
Participant communications strategies |
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 Fiduciary Compliance Checklist™ |
The Fiduciary Compliance ChecklistTM employed in the initial Retirement Plan HealthCheck is applied at least annually to review over 60 fiduciary exposures and recommend beneficial corrective actions. This review encompasses the Prudent Practices for Investment Stewards recommended by the Center for Fiduciary Studies and the AICPA and also addresses a broader range of fiduciary best practices. Our Managing Principal has been awarded the Accredited Investment Fiduciary® designation by the Center for Fiduciary Studies, which operates in association with the University of Pittsburgh Graduate School of Business.
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| Fiduciary Training |
 We will help your plan fiduciaries understand their role by providing handbooks, offering advice and conducting fiduciary meetings. We supply every client with a copy of Prudent Practices for Investment Stewards, written by Fi360 and edited by the American Institute of Certified Public Accountants (AICPA). |
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| 404(c) Compliance |
We provide the customized draft of a participant 404(c) Notice and Policy Statement that will help you seek the reduced liabilities offered by Section 404(c) compliance. |
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| Documentation |
Your fiduciary compliance will be clearly documented by an audit trail that includes:
- The Due Diligence Notebook
- Retirement Plan Committee Charter
- Investment Policy Statement
- Quarterly Fiduciary Investment ReviewTM
- Meeting minutes
- Participant notices
- Annual Plan Review materials
- The Fiduciary Compliance ChecklistTM, updated regularly
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