| |
|
Yes/No |
Value |
Score |
| 1 |
Are
you familiar with the DOL's fiduciary requirements in
the Voluntary Fiduciary Compliance program? |
|
yes
= 0
no = 10 |
|
| 2 |
Did
you or your Committee customize your provider's Investment
Policy Statement (IPS) for your plan? |
|
yes
= 0
no
= 20 |
|
| 3 |
In
the last few Committee meetings, was investment performance
based in IPS standards and criteria? |
|
yes
= 0
no
= 10 |
|
| 4 |
Does
someone on your Committee take detailed minutes of each
meeting? |
|
yes
= 0
no
= 10 |
|
| 5 |
Did
discrimination test results get discussed at your last
Committee meeting or a meeting this year? |
|
yes
= 0
no
= 10 |
|
| 6 |
Is
your provider up front about how he/she gets paid? Do
they disclose where all their compensation comes from? |
|
yes
= 0
no
= 10 |
|
| 7 |
Have
you reviewed the service agreement(s) of your providers
in the last year? |
|
yes
= 0
no
= 10 |
|
| 8 |
Do
you know who all the plan fiduciaries are? |
|
yes
= 0
no
= 10 |
|
| 9 |
Do
you know for sure if you are a fiduciary? |
|
yes
= 0
no
= 10 |
|
| 10 |
Do
you have fiduciary insurance? (different than a fidelity
bond) |
|
yes
= 0
no
= 15 |
|
| |
Total
Quiz Score |
|
