- Investment Policy Statement
- Investment Fund Analysis
- Investment Performance and
Plan Monitoring - Provider Search and Evaluation
- Plan Benchmarking and
Fee Analysis - Plan Design
- Fiduciary Services
- Education and Communication
The Importance of a Solid Investment Policy Statement
A Prudent Procedure and Process for Plan Management
An Investment Policy Statement provides plan fiduciaries with a set of established, fiduciary standards for the management, oversight and decision making processes that ensure sound plan governance.
DataPath Investment Advisors policy will establish a prudent procedure and process for plan management and investment monitoring decisions, and sets plan objectives. This includes the identification of authorities and responsibilities, plan fees, educational objectives. The resulting investment policy statement ensures 404(c) compliance and establishes overall controls consistent with ERISA, DOL and relevant regulatory legislation.
With the guidance and advice from DataPath, the Investment Policy Statement:
- Defines the investment objectives
- Defines the roles of those persons responsible for the Plan’s investments and related services
- Establishes the process for choosing and monitoring investment vehicles to represent the investment options.
- Provides for diversification among asset classes and within investment vehicles
- Describes procedures for handling investment options that fail to satisfy established objectives
- Details responsibility for controlling and accounting for all costs of administering the Plan and managing the investments
- Outlines the steps necessary to comply with applicable fiduciary, prudence and due diligence requirements
- Provides for services to assist the participants in making investment decisions