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An Investment Policy Statement provides plan fiduciaries with a disciplined framework and set of established, prudent standards for the management and oversight of the retirement plan. The policy develops the due diligence and decision making process for sound plan governance.
The Benefits of a Well-Developed IPS:
• Acts as the foundation for how an investment program is to be administered by providing clear risk and return objectives
• Establishes the proper performance evaluation methods, and any constraints that must be taken into account
• Helps avoid poor decision making by applying a disciplined and systematic investment approach, which increases the likelihood of meeting investment goals
• Creates a record of decisions and an objective means to test whether those serving the investor are complying with the plan's requirements
• Annual reviews help fulfill fiduciary responsibility required by US regulation
Bridgebay creates a policy that sets the plan objectives, authorities and responsibilities, addresses plan fees, educational objectives, 404(c) compliance and establishes overall controls consistent with ERISA, DOL and relevant regulatory legislation. The policy establishes a prudent procedure and process for plan management, monitoring and investment monitoring decisions.
The investment policy statement acts as the foundation for how an investment program is to be administered by providing risk and return objectives, performance evaluation methods, and any constraints that must be considered.
Bridgebay Financial, Inc.
2603 Camino Ramon, Suite 200
San Ramon, CA 94583
Tel: (925) 743-0200
