Fiduciary Services

Our clients wear many professional hats. And while they may spend the least amount of their time on retirement plan issues, their fiduciary role poses one of the most significant personal risks in the corporate arena.

Unfortunately, most of the advisors currently serving the 401k/403b space do not have the legal capacity to serve in a fiduciary role or the credentials to demonstrate their knowledge of plan governance procedures. To meet this void, Clearpoint Financial and NRP offer fiduciary oversight programs that deliver protection and ensure excellence in plan management through independent governance and monitoring.

We can deliver the following services via a written engagement contract and annual service calendar:

• Development of an Investment Policy Statement
• Benchmarking of investment provider fees and expenses
• Training of investment committee members regarding duties and obligations
• Establishment of investment committee by-laws
• Fund analytics which tie directly to the thresholds established in the Investment Policy Statement
• Investment committee guidance to prudently select and monitor investment options
• Documentation process, to include corporate minutes and internal control file
• Electronic backup of ongoing plan related documentation
• Detailed employee communications calendar