Fiduciary Vault
As a retirement plan sponsor, you are a fiduciary.
This means that you have important responsibilities and are subject to specific standards of conduct, including carrying out your fiduciary duties prudently — one of the central responsibilities under ERISA. The Supreme Court ruled that plan fiduciaries are required to conduct regular reviews of plan investments and have a continuing duty to monitor investments and remove imprudent ones. Hiring Mesirow can be a prudent decision, as we are a third-part fiduciary providing the services the Court reaffirmed a fiduciary is responsible for performing, so our clients can focus on running their businesses.
With that in mind, we offer you tools and best practices to help you build your Fiduciary Vault.
Investments and reporting
Mesirow Investment Review
When you outsource 3(21) and/or 3(38) fiduciary services to Mesirow, you will receive critical quarterly reports that assist in the ongoing monitoring of investments.
Templates and tools
Mesirow provides you with access to templates, tools, and best practices to help you build your fiduciary vault.
Why outsource your fiduciary role?
Mesirow's Fiduciary Partnership Services help plan sponsors alleviate some of the responsibility associated with being a plan fiduciary, creating time and capacity to focus on running their business and managing other important plan aspects.
Other key benefits include:
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Legal protection ― Mesirow is well capitalized to defend all claims within the scope of its fiduciary duty and provides indemnification for plan sponsors.
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Extra layer of independent fund due diligence ― Our proprietary PrecisionAlpha® process can effectively evaluate a manager’s true potential for success and active level of risk.2
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Simplicity ― Mesirow oversees a diversified investment lineup designed to help you and your employees save for a secure retirement. This is complemented by quarterly reporting which is easy for plan sponsors to understand.
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Expertise ― As the industry pioneer of outsourced fiduciary services, Mesirow has been providing fiduciary services since 2006; our investment team of PhDs, CFA charterholders and MBAs have developed a prudent, tested process for supporting the investment selection and ongoing monitoring and due diligence of retirement plan investments.
1. The responsibilities shown above are for example purposes only and are not meant to be an exhaustive or compressive list. Committees should obtain the advice of ERISA counsel in preparing their Fiduciary Acknowledgement. | 2. If the plan sponsor and/or any agent to the plan is sued by a third-party claiming that Mesirow breached its ERISA fiduciary duty, the liability to Mesirow is uncapped and Mesirow will step in and defend the claim. The specific legal protection offered by Mesirow is governed by the agreement between Mesirow and the plan sponsor. Nothing herein is intended to modify such agreement. | Advisory services offered by Mesirow Financial Investment Management, Inc., an SEC-Registered Investment Advisor. Securities offered through Mesirow Financial, Inc., member FINRA and SIPC. Advisory Fees are described in Mesirow Financial Investment Management Inc.’s Part 2A of the Form ADV. Mesirow Financial refers to Mesirow Financial Holdings, Inc. and its divisions, subsidiaries and affiliates. The Mesirow Financial name and logo are registered service marks of Mesirow Financial Holdings, Inc., © 2024, Mesirow Financial Holdings, Inc. All rights reserved.