Retirement Plan Investment Advisory Services

The Vendor is required to provide a full range of advisory services that can be utilized by the Committee in making its decisions for the benefit of the Plan.
- They possess the qualifications, expertise, financial resources and management capability to successfully perform the required services and will provide the best opportunity for the Trust Fund to maximize performance and benefit plan participants.
- Responsible for the administration of the Plan, the management, administration of the assets of the Plan (the “Trust Fund”) and serves as the interpreter of the Plan document when questions or disputes arise regarding the administration, interpretation and application of the Plan.
- Employee Pension Advisory Committee – created by the opportunity home County board of commissioners composed of opportunity home County employees that provide recommendations to the administrator on issues of concern and of interest to plan participants. their involvement is only advisory in nature.
- Trustee: The bank responsible for the physical or electronic custody of all security assets owned by the Plan, the collection of interest and dividend payments, the redemption of maturing securities, and the effecting of receipt and delivery subsequent to purchases and sales.
- Investment Managers: Individuals or firms granted discretion to purchase and sell securities to achieve the Plan’s investment goals and objectives. Managers are designated as fiduciaries and are required to formally acknowledge this designation in writing. Their associated fees must be competitive, customary, and reasonable.
- Record-keeper: The entity responsible for account maintenance, transaction processing, compliance and regulatory reporting, and participant services.
- Investment Consultant: This position is established to assist the Administrator in the following capacities:
• Establishing investment policy objectives, goals, constraints, and guidelines.
• Providing guidance on asset allocation strategies.
• Screening and recommending the engagement and termination of investment managers.
• Reviewing investment strategy and assessing the contribution of each investment style and manager.
• Executing other investment-related tasks, including performance monitoring and reporting.