MasteryPOINT Releases Investment Review Product

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.”