A news release said PIP will allow users to:
- identify standards and criteria on a plan-by-plan basis to determine whether existing investments remain appropriate;
- create investment policy statements reflecting the standards and criteria selected;
- prepare full-color monthly or quarterly monitoring reports, including performance information, for plan sponsors; and
- produce investment committee meeting agendas and minutes for use by investment committees.
“Meeting the fiduciary responsibility for monitoring plan investments is a major concern for both plan sponsors and their advisers,” said Todd Bloomfield, MasteryPOINT’s president, in the news release. “PIP provides a tool that helps them satisfy that obligation. Like our guidance and advice applications, our monitoring service affords broad functionality at a very attractive price.”
More information is available at 800.525.4237 or www.newkirk.com.