Creating an Effective Investment Policy Statement

Creating an Effective Investment Policy Statement

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Retirement plan sponsors aren’t required to have an Investment Policy Statement (IPS) for their plan. However, having a written statement in place can facilitate your organization’s plan meeting federal and state regulations and fulfilling the fiduciary duties of a plan sponsor and/or their committee. However, not all policy statements are created equal, and there are a few topics every IPS should cover. Learn about what should be included in an effective Investment Policy Statement and how a well-crafted IPS can lighten the load of a committee that’s tasked with difficult plan decisions.

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PlanPILOT Named to 2020 PLANADVISER Top 100 Retirement Plan Advisers

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CHICAGO, IL – March 6, 2020 – PlanPILOT is pleased to announce it has been named as one of the 2020 PLANADVISER Top 100 Retirement Plan Advisers.

PlanPILOT Recognized as a Top 100 Retirement Plan AdviserThe PLANADVISER Top 100 Retirement Plan Advisers is an annual listing of adviser individuals and teams that stand out in the industry in terms of a series of quantitative measures. These include the dollar value of qualified plan assets under administration (AUA), as well as the number of plans under advisement.

PlanPILOT was recognized in the “Small Teams With $1.7 Billion or More in Retirement Plan Assets Under Advisement” and “Small Teams With 115 Retirement Plans or More Under Advisement” categories.

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403(b) Sales Practices in Question

403(b) Sales Practices in Question

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Over the past few months, we have seen several news stories that raised concerns about insurance companies and their retirement plan sales practices. For example, here is an article that was published in late 2019 by The Wall Street Journal:

Based on the investigations that have reportedly been launched by the New York Department of Financial Services, as well as the Securities and Exchange Commission (SEC), how should retirement plan sponsors respond?

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Are You a Fiduciary?

Are You a Fiduciary?

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Administering a retirement plan and managing its assets requires certain actions and involves specific fiduciary responsibilities. If you make decisions that impact your organization’s retirement plan, you’re likely considered a fiduciary under the Employee Retirement Income Security Act of 1974 (ERISA). With the current scrutiny over retirement plan litigation, it is imperative that plan fiduciaries understand their responsibilities and adhere to ERISA’s standards. Learn more about who is considered a fiduciary, their fiduciary responsibilities, and how to fulfill their responsibilities to their participants.

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Why Add ESG Funds to Your Investment Menu?

Why Add ESG Funds to Your Investment Menu?

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An increasing number of investors want impact-driven investment vehicles. They want to avoid investing in companies that avoid diversity and inclusion, abuse labor, produce products or provide services that cause health or safety problems, or pollute the environment. However, trying to bypass such companies can make investing in many mutual and index funds a challenge. Because of this, environmental, social, and governance (ESG) funds are increasing in popularity, especially among younger investors. According to a survey conducted by Callan Institute, incorporation of ESG factors into the investment decision-making process increased to 42% in 2019 compared to 22% in 2013. But is it cost-effective and a good fit to include ESG funds in your plan’s investment menu? Learn more about ESG and how you should proceed if you’re interested in adding ESG funds to your investment line up.

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