Fiduciary Oversight

The Philadelphia Group offers plan sponsor fiduciaries the most extensive protection available in the market. Our fiduciary process meets the highest level of fiduciary standards. Its strategies ensure fiduciary safety through the effective use of investment committee training, plan governance, provider monitoring, and electronic document storage.

Plan Fiduciaries wear many professional hats. And while they may spend the least amount of their working life on retirement plan issues, their fiduciary role possesses the most significant amount of personal risk in the corporate arena. Inundated with primary job functions, finance and human resources executives lament their lack of time and tools to fulfill their fiduciary accountabilities, with a high level of assurance and protection. This uncertainty is the main cause of their concern towards their personal liability as a fiduciary.

To meet this void, The Philadelphia Group offers a fiduciary oversight program that helps to deliver protection and ensures excellence in plan management through independent governance and monitoring. The Philadelphia Group offers the fiduciary oversight program to its member advisors' plan sponsor clients.

Under this program, The Philadelphia Group's clients satisfy the following fiduciary functions with an uncompromised level of assurance:

1. Demonstrate prudence through a document trail;
2. Understand the key factors around investment management decision making;
3. Adhere to the plan document and the committees' investment strategies;
4. Avoid conflicts of interest;
5. Monitor service providers according to the new global benchmarks of fiduciary excellence.

Why plan sponsors use our fiduciary oversight program:

Easy to Use

Fiduciary functions are managed effectively through a signed annual service plan. We then track the timing and frequency of each service delivered and post all deliverables on your secure plan sponsor Fiduciary Briefcase™ web portal. With our program you save time, reduce personal risk, and gain access to critical fiduciary tools.

Document Decisions

All Fiduciary decisions are documented within thier Fiduciary Briefcase™. This is a secure online website which is a virtual filing system for all meeting summaries, newsletters, compliance documentation, employee education and much more. With a point and click, fiduciaries can evidence their investment rationale and map key decisions to the plan’s guiding documents.

Continuity of Conduct

We ensure a high level of continuity in the event of investment committee turnover. Our fiduciary oversight program preserves the integrity of past decisions and provides effective succession for future fiduciary governance.

Clarify Roles and Responsibilities

We help investment committees align internal responsibilities and benchmark the services of operational platform providers such as administrators, record keepers, custodians, and investment managers.