The Diversified Fund Evaluation Report allows plan
sponsors to create quarterly reports to be able to gauge
whether investments are reaching the plans’ set goals.
According to a release, the product pinpoints funds that
are underperforming or meeting investment marks. The
product also outlines relevant observations for each fund
and includes commentaries on underlying issues that may
influence the fund evaluation process.
Another key benefit of the Diversified Fund Evaluation Report is that it helps plan sponsors meet their fiduciary responsibilities by monitoring their plans’ investments, ensuring stated objectives. Before the report is created, the Purchase, New York-based company works with the plan sponsor to draft an Investment Policy Statement or to adjust an existing one.
“Our goal was to make the evaluation process simpler and more focused for plan sponsors, while providing a comprehensive report that would document the decision-making process logically and more transparently,” said Patricia Advaney, vice president of Diversified’s Investment Solutions Group, in the release. “It gives plan sponsors an effective tool to help them more easily comply with their fiduciary responsibilities.”
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