The required services include the following categories: 5.1 Investment Policy Statement Recommendations. Review and make recommendations regarding the written investment policy for the Plans. Periodically assess participant fee structure and provide recommendations for fee restructuring based on industry standards. Provide ongoing review and advice to avoid administrative and legal complications. Keep the Committee and Plan Administrator informed relative to current and proposed changes in laws, regulations, ordinances, etc., and recommend actions to keep the Plans in compliance. 5.2 Investment Performance Monitoring. Perform ongoing monitoring of investment options, including appropriate benchmarks of the funds. Perform comparison of investment options in each of the Plans’ asset categories. Provide review of historical fund performance, returns, major holdings, sector weightings, manager information and portfolio statistics (e.g. ratings, asset size, stewardship). 5.3 Investment Option Selection. Assist with selecting investment options, including, but not limited to: Providing information on industry trends, new investment products, and methods of offering investment products. Review existing methods of providing investment options and evaluating suitability of new methods. Review fact sheets and disclosures for fund changes and selections. Identify under-performing investment options and provide appropriate alternatives...
