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OUR SOLUTIONS:
Fiduciary Assurance |
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Reliance on biased sources for guidance on fiduciary issues has led to unprecedented regulatory and legal problems for sponsors of benefit plans qualifed under the Employee Retirement Income Security Act ("ERISA") and non-profit foundations, which are regulated by the Uniform Prudent Management of Institutional Funds Act ("UPMIFA"). Other factors threaten the safety of billions of dollars in retirement savings accounts and endowments including:
- failure to periodically evaluate fiduciary practices;
- undocumented workflows;
- untrained executives;
- dysfunctional vendor management systems;
- conflicts of interest; and
- excessive and undisclosed fees for outside services.
Roland|Criss helps protect ERISA plan sponsors and charitable foundations by guiding their executives through a systemized approach to excellence. Since we do not sell investments or administrative services, we have no hidden agenda.
Grounded in independence as defined in fiduciary laws, Roland|Criss provides executives a thorough evaluation of their current workflows, counsel on how to achieve best practices, and finally, a full assurance that they are doing the right things through independent certification.
Fiduciary Plus™
We offer a complete solution to the challenges faced by ERISA plan sponsors and non-profits. We call it...FiduciaryPLUS.
It is a complete program that includes training and compliance assurance with all four disciplines of fiduciary duty...governance; administration; investments; and controls.
The key solutions contained in FiduciaryPLUS include:
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How FiduciaryPLUS works... |
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• Prepare
As one of the early leaders in the movement to prepare ERISA plan sponsors and foundations to perform their fiduciary duties properly, Roland|Criss' solutions were built on the need to enhance and measure the success of fiduciary processes, not simply increase knowledge. For example, our training programs are delivered with the intent to increase awareness with an emphasis on practical application.
We can help you apply the requirements of fiduciary laws and best practices with our certifiable quality management system.
Ask Roland|Criss how we can help your organization benefit from our solutions. You may contact us here.
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• Assess
For the past 15 years, Roland|Criss has innovated ways to diagnose exposures to fiduciary risk for ERISA plan sponsors and trust entities. Our 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 is a management tool that places an easily understood value on our client's practices based on current trends in litigation and enforcement. The result is a roadmap to protection with a system for fixing procedural deficiencies.
For an online demonstration of our ISP Rating program,
please contact us here.
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• Implement
Our implementation services are delivered subsequent to our Assurance Assessment and ISP Rating. Our analysts provide a personalized and in-depth review of the procedural deficiencies that bear the greatest risks. We then install the upgrades needed to fix the deficiencies.
Learn how to enhance your current fiduciary management systems.
Please contact us here.
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• Monitor
Our FiduciaryPLUS system is managed by a team of credentialed analysts and client service professionals that ensure effective procedural conduct, vendor selection and management, fee monitoring, misssion-level decision making, and electronic document storage. A written acceptance of a fiduciary role accompanies each full FidciaryPLUS engagement.
FiduciaryPLUS 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 solutions ensure safety through training, a system that manages all four fiduciary disciplines, vendor management, and document storage tools.
For an online demonstration of FiduciaryPLUS,
please contact us here.
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• Certify
Roland|Criss is the first global fiduciary manager to assist pension plans and charitable entities convey an identity that conforms to the highest standards of care. For example, our assessment process is based on the ISO 19011 audit procedure, which is an internationally recognized standard for testing quality management systems. Once tested and approved, clients earn our seals 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 fiducairy certification programs include:
- Vendor Management (both ERISA plans and non-profits)
- Charitable Trust Fiduciary Practices (to ensure compliance with UPMIFA for endowments and foundations)
- ERISA Eligible Investment Advice Arrangement (to satisfy the Pension Protection Act of 2006)
- ERISA Inhouse Asset Manager ("INHAM")
For a discusson of how our certification programs can attest to your organization's fiduciary excellence, please contact us.
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For more information about how FiduciaryPLUS can help your organization, please contact us.
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