Plan Sponsor Self Assessment

 

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The following, Self Assessment for Fiduciary Stewards, is intended to assist those organizations and Plan Sponsors in their desire to analyze the strength of their own Investment Process. This Self Assessment will provide to the submitter a snap-shot indication of how well their organization addresses and adheres to a Global Standards of Fiduciary Excellence. This exercise can serve as a starting-point and can help to establish a roadmap for improvement to Fiduciary Stewards.

Please answer either Yes, No, or Not Known to each question. Please be aware that Questions 6, 7, 8, and 13 apply exclusively to Defined Benefit plans. To then determine the results of this questionnaire, submit your responses at the bottom of the page.

FI360 Self Assessment Contact Information
FI360 Self Assessment Questions

(yes, no, or not known for each question).

  1. 1. Are investments managed in accordance with applicable laws, trust documents, and written investment policy statements?
    Yes   No    Not known 
  2. 2. Are the roles and responsibilities of all involved parties (fiduciaries and non-fiduciaries) defined, documented, and acknowledged?
    Yes   No    Not known 
  3. 3. Is there no indication that fiduciaries and parties in interest are involved in self-dealing?
    Yes   No    Not known 
  4. 4. Are service agreements and contracts in writing? Are they written without provisions that conflict with fiduciary standards of care?
    Yes   No    Not known 
  5. 5. Are assets within the jurisdiction of appropriate courts? Are they protected from theft and embezzlement?
    Yes   No    Not known 
  6. 6. Has an investment time horizon been identified?
    Yes   No    Not known 
  7. 7. Has a risk level been identified?
    Yes   No    Not known 
  8. 8. Has an expected, modeled return to meet investment objectives been identified?
    Yes   No    Not known 
  9. 9. Are selected asset classes consistent with the identified risk, return, and time horizon?
    Yes   No    Not known 
  10. 10. Are selected asset classes consistent with implementation and monitoring constraints?
    Yes   No    Not known 
  11. 11. Is there an Investment Policy Statement (IPS) which contains the detail to define, implement, and manage a specific investment strategy?
    Yes   No    Not known 
  12. 12. Does the IPS define appropriately structured, socially responsible investment (SRI) strategies (where applicable)?
    Yes   No    Not known 
  13. 13. Is the investment strategy implemented in compliance with the required level of prudence?
    Yes   No    Not known 
  14. 14. Are applicable “safe harbor” provisions followed (when elected)?
    Yes   No    Not known 
  15. 15. Are investment vehicles appropriate for the portfolio size?
    Yes   No    Not known 
  16. 16. Is a due diligence process followed in selecting service providers, including the custodian?
    Yes   No    Not known 
  17. 17. Are there periodic reports comparing investment performance against an appropriate index, peer group, and IPS objectives?
    Yes   No    Not known 
  18. 18. Are periodic reviews made of qualitative and/or organizational changes of investment decision-makers?
    Yes   No    Not known 
  19. 19. Are control procedures in place to periodically review policies for best execution, "soft dollars," and proxy voting?
    Yes   No    Not known 
  20. 20. Are fees for investment management consistent with agreements and with all applicable laws?
    Yes   No    Not known 
  21. 21. Are "finder's fees" or other forms of compensation that may have been paid for asset placement appropriately applied, utilized, and documented?
    Yes   No    Not known 
  22. 22. Is there a process to periodically review the organization's effectiveness in meeting its fiduciary responsibilities?
    Yes   No    Not known 
  23. Security Code