It’s the role of your Pension Advisor to assist you in the proper management of your retirement program. A properly managed plan translates to better pensions for plan members.
Ask yourself, how many times can I answer YES to the following statements:
◻ We have a documented governance process & best practices.
◻ We understand our roles & responsibilities as administrators of the plan.
◻ We monitor the performance of our funds at least annually.
◻ We have made changes to our fund line-up in the past 3 years.
◻ Plan members utilize the services of our advisor.
◻ We hold annual enrollment meetings for new staff.
◻ We review our investment management fees annually.
◻ Our fees have been reduced in the past 3 years.
◻ We have a services agreement in place with our advisor.
◻ We understand & approve how our advisor is paid.
◻ We receive annual certification from our advisor that our plan is CAP’s complaint.
If this quiz leaves you with questions, we're happy to help.