Manage Your Business
Plan Investment Policy Creation and Ongoing Maintenance
The Investment Policy Statement acts as a guiding roadmap for the Plan and Plan Sponsor. For our assistance to the Plan’s fiduciaries in the construction of an effective IPS, we generally proceed as follows:
- Define the statement of purpose
- Exclusive benefit clause
- Annual review of IPS
- Right to amend
- Establish investment committee oversight
- Number, selection criteria and term for members
- Meeting dates and voting rules
- Stated investment objectives
- Establish performance expectations
- Cover investment costs
- Determine diversification
- Create investment guidelines
- Select investment categories
- Define restrictions, if any
- Criteria for selecting investment options and managers
- Monitoring and watchlist criteria
- Default investment options – in line with QDIA regulations
