Oversight of the management of institutional asset pools, including foundations, endowments, retirement plans, corporate assets and reserves, is becomingly increasingly complex and challenging. It is all the more important to have rock-solid fiduciary oversight in place. More institutions are looking to service providers, such as due diligence consultants, to assist in meeting these responsibilities relative to their OCIO selection and monitoring.
By Mark Olsen, Managing Director at PlanPILOT
Employer-sponsored retirement plans are for long-term savings, as the investment landscape changes, you may find that some of your fund offerings are outdated, expensive, or underperforming their respective benchmarks.
As the plan sponsor, it’s your fiduciary responsibility to make sure your plan funds reflect the best interests of your participants. This usually requires regular monitoring of your investment fund menu and making updates as you see fit.
Oversight of the asset management of institutional asset pools, including foundations, endowments and reserves, is becomingly increasingly complex. The events of 2020 expanded the need to have rock-solid fiduciary governance in place, as boards, committees and finance staff are challenged to re-visit their asset management approach, especially when it is outsourced to an OCIO provider. It is all the more necessary to carefully assess the asset allocation, investment options, expected returns, risk management metrics, the supporting servicing and, of course, fees. Their collective impact on meeting the spending and liquidity
needs of an institution is paramount in assisting an entity to function and fulfill its mission.
By Mark Olsen, Managing Director at PlanPILOT
Providing an attractive benefits package for your employees is a great way to establish a supportive company culture, retain talented people, and help your employees build financial security for their futures. But plan sponsors take on significant responsibilities when offering retirement plans to employees. These responsibilities include, but are not limited to: