Investment Analyzer Aids in Fiduciary Duties

CCH said in a press release that the Plan Investment Analyzer explains how to deal with today’s 401(k) fiduciary issues.   It includes an investment valuation tool to let them see how their funds are doing.

The Plan Investment Analyzer is a subscription service.   It explains fiduciary duty in practical terms and provides the resources for plan sponsors and administrators to meet their fiduciary responsibilities, the company said.

As part of the subscription, clients receive The 401(k) and 403(b) Participant-Directed Handbook, which explains the concept of fiduciary responsibility, how it applies to retirement plan investments, and what plan administrators need to know in order to choose 401(k) vendors and investment vehicles that are appropriate for the employer and its employee population.

The handbook is updated quarterly and includes a detailed explanation of benchmarking retirement plan investments, as well as sample forms,checklists and evaluation spreadsheets that have been created by using the evaluation tool.

The electronic evaluation tool analyzes existing portfolios and provides guidance on how to choose vendors and investments.   It also tracks plan investments; reveals published fees; tracks against model portfolio; reveals outliers and additional fees; provides subscriber-specific feedback; and provides fund alerts.   The evaluation consists of statistical analysis and a “watch list” with a red-yellow-green monitoring system that indicates whether a plan sponsor or administrator should keep a particular plan, replace a plan, or maintain the plan on the watch list.

Subscribers submit information about their plan via a secure email address to the independent evaluation service.

More information can be obtained by calling 888-224-7377 or  here .