What does HFG actually do as an Investment Named Fiduciary?
Our work begins with an assessment of a plan’s actuarial liabilities and funding projections, which will lead to a review and potential revision of a plan’s investment policy statement. Based upon the Investment Policy Statement, HFG, if appropriate, collaborates with the plan’s consultants to review and revise asset allocation plans, rebalancing policies, and risk control standards. We also review, identify and select eligible asset categories, managers, strategies and consultants for the plan. Finally, HFG will perform the critical fiduciary function of monitoring all of the investment managers hired on behalf of the plan. In addition, HFG will review and negotiate third party vendor agreements on behalf of the plan. This includes agreements with trustees, record keepers, and administrators. Based upon their years of industry experience, the HFG partners are highly skilled in negotiating these agreements. While reviewing these agreements may not typically be viewed as named fiduciary
Related Questions
- What factors should a corporation consider in selecting and hiring HFG as the Investment Named Fiduciary or Independent Fiduciary of a plan?
- Can a corporation eliminate its investment committee after it hires HFG as the Investment Named Fiduciary?
- Must a corporation amend its plan documents in order to appoint HFG as the Investment Named Fiduciary?
