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 management and monitoring.
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plans are for long-term savings, as the investment landscape changes, you may find that some of your fund offerings are outdated, expensive, or underperforming their respective benchmarks.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.
By Mark Olsen, Managing Director at PlanPILOT
When you offer retirement and healthcare plans to your employees, you’re giving them much more than just a supplement to their paycheck. You’re helping them build foundational security to protect themselves and their families. Great benefits packages often encourage loyalty from your team so they work for you for years to come—which is good for both you and them.
But plan sponsors have a lot to manage and are actually taking on risk by offering these benefits. Fulfilling your obligations as a plan sponsor is complex because there are rules and regulations you must follow, even though you’re not an expert in this area. And because these plans are designed to offer security, individuals and families may come after you if they find their security needs have not been met.
By Bill Karsten, Senior Consultant at PlanPILOT
Investment oversight and plan governance play important roles in returns on investment and can impact employee retirement readiness. In this case study, we show an example of how an independent advisor can illuminate opportunities to improve outcomes and drive greater engagement.