New Tool Tracks IPS Compliance

May 9, 2002 ( - Plan sponsors now have an online means of monitoring plan investments against their investment policy statement, courtesy of a new product from Walker MacRae.

New Hampshire-based Walker MacRae has unveiled the Walker MacRae PlanTools Risk Management System that provides retirement plan fiduciaries with quarterly financial monitoring of their investments measured against the Investment Policy Statement (IPS) of the retirement plan through a web-based service ( ).

The service is available regardless of whether a retirement plan uses other Walker MacRae Services, according to the firm.  It incorporates three integrated services:

  • PlanTools Investment Policy Statement, a plan specific Investment Policy Statement created through Walker MacRae 
  • PlanTools SelectList, a mutual fund scoring process tool that pre-qualifies funds in 13 different investment categories based upon academically-based criteria 
  • PlanTools Quarterly Monitoring Report (QMR), a plan specific quarterly report identifying minimum acceptable standards as identified in the IPS, produced both in hard copy and electronically.

The Walker MacRae trading platform offers retirement plans open-architecture access to publicly-traded mutual funds.  Walker MacRae’s platform also features its Transparent Pricing service that discloses all fees and expenses of the retirement plan to plan sponsors, as well as a revenue sharing program that facilitates use of mutual fund revenue sharing by the plan.