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OUR SERVICES :
Fiduciary Services |
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The current state of regulatory enforcement, litigation, and the creation of new laws is a direct result of ineffective fiduciary processes.
The lack of demonstrated management systems, conflicts of interest, excessive and undisclosed fees, and underfunding have led to the highest levels of enforcement sanctions and litigation against Investment Stewards in the history of the pension system.
We hear from investment fiduciaries all over the country who lament
their lack of the training, time, and tools needed to fulfill their fiduciary duty with a high level of assurance.
To meet this void, Roland|Criss provides the resources necessary to ensure safety for Investment Stewards.
Roland|Criss delivers to plan sponsors FiduciaryPLUS™, a system for ensuring pension safety and certifying excellence. It is substantiated by all major pension laws, trust statutes, and industry best practices. Grounded in our independence, FiduciaryPLUS™ combines thoroughness, ease of use, and our co-fiduciary support. At the center of it is a process that adheres to the audit standard for quality management systems found in ISO 19011. The result is greater safety for plan officials and participants.
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Fills gaps in procedural prudence that threaten retirement plan officials and trustee boards |
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Satisfies federal and state laws, such as ERISA, UPMIFA, MPERS, and UPIA |
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Measures fiduciary performance through Roland|Criss’ proprietary ISP Rating™ |
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Takes on fiduciary responsibility for a plan sponsor's and a trustee board’s duties |
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Delivers assurance and certification of adherence to new ERISA laws, such as: |
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The ERISA Fee Certification™ (ERISA § 408(b)(2)) |
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The EIAA Audit™ (Safe harbor under the Pension Protection Act of 2006) |
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The Provider Search Certification™ |
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Equips advisors and service providers with a fiduciary oversight system to connect fiduciary and fiduciary-support processes |
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Maintains a document storage system |
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Replaces ineffective and costly “consulting approaches” that lack definitive scope and specific steps to fix problems |
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Reduces E&O insurance by decreasing risk profile |
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Fees are reimbursable by ERISA spending accounts |
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| The components of FiduciaryPLUS™ include: |
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• Prepare
As one of the early leaders in the movement to prepare investment stewards, Roland|Criss' solutions were built on the need to enhance and measure the success of fiduciary processes, not simply increase knowledge. Our training programs are delivered with the intent to increase awareness with an emphasis on practical application.
We will help you understand and apply the requirements of the fiduciary laws, and identify the key objectives and scope of our Quality Management System procedures and policies.
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• Assess
For the past 15 years, Roland|Criss has pioneered the process of diagnosing exposures to fiduciary risk for retirement systems and trust entities. Roland|Criss' Fiduciary Review and ISP Rating™ is the first risk rating system that properly aligns fiduciary liability to best practices and legal requirements.
Delivered in an easy-to-digest format and supported by a technically robust methodology, the ISP Rating™ benchmarks according to legal requirements as well as risk premiums which are based on current trends in litigation and enforcement. The result is a roadmap to protection with a system for fixing procedural deficiencies.
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• Implement
Our implementation services are delivered subsequent to our Fiduciary Review and ISP Rating™. Our associates provide a personalized and in-depth review of the procedural deficiencies that bear the greatest risks. We then implement the upgrades needed to fix these deficiencies.
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• Monitor
FiduciaryPLUS™ Our FiduciaryPLUS system is managed by a team of credentialed fiduciary analysts and client service professionals that ensure effective committee governance, service provider monitoring, fee monitoring, plan-level decision making, and electronic document storage. Once Roland|Criss implements and measures the adoption of our system, we issue a written fiduciary acknowledgement with our clients relative to their adherence to the controls and practices.
Our FiduciaryPLUS™ system was the first committee-level risk solution that focuses on fiduciary controls and practices as required under law. This system continues to provide the most effective protection at the committee level available in the market today due to our dedicated business model and commitment to remaining independent from fee conflict. We do not sell investment products or manage retirement plan assets. As a result, our fiduciary solutions ensure safety through the effective use of committee training, fiduciary governance, provider monitoring, and document storage tools.
For an online demonstration of our ISP Rating™ and FiduciaryPLUS™ system, please Contact Us or take the Are You at Risk? survey for a preliminary assessment to determine your level of risk.
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• Certify
Roland|Criss is the first global organization to assist Investment Stewards convey a fiduciary identity that conforms to the highest fiduciary standard, the Global Fiduciary Standard of Excellence. Roland|Criss' assessment process is based on the ISO 19011 audit standard, which is an internationally recognized standard for testing quality management systems. Once tested and approved, these organizations earn the CEFEX seal of excellence.
With increased investor litigation, federal and state enforcement, and scrutiny by the media, Roland|Criss' certification programs deliver a proactive and independent verification of your fiduciary readiness.
Our Investment Steward certifications include:
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The ERISA Fee Certification™ |
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The EIAA Audit™ |
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The Provider Search Certification™ |
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Investment Steward Certification |
For an online demonstration of our certification program, please Contact Us.
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For an online demonstration of our certification program, please Contact Us .
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