Our skill at being able to simply graph and express this data enables us to assist clients in understanding whether a fund is behaving in a characteristic or uncharacteristic manner. Equipped with this statistical information we are able to effectively determine whether a Plan’s investments are continuing to meet the goals of the plan and criteria for inclusion set forth in the Investment Policy Statement (IPS).
A standout attribute of CRC is our focus on the development of a sound IPS and our ability to implement its principles. This foundational document for any Plan sets forth for the Plan Committee an understanding of the investment policies, objectives, and investment options of the Plan and provides a meaningful basis for evaluation of the investment options offered in the Plan. Key to the evaluation criteria is the inclusion of risk-adjusted return measurements, which are composed of two distinct components: a performance measure and a risk-assessment measure. Risk and return variables of each Plan investment are considered in the context of the overall range of investments for the Plan and its participants.
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CRC’s constant monitoring of client investments is achieved through our proprietary characteristic/uncharacteristic momentum analysis based on historical fund performance and volatility.
CRC provides ongoing plan cost management and revenue distribution analysis. CRC will serve as a discretionary 3(38) or 3(21) ERISA Fiduciary.
Characteristic/uncharacteristic analysis encompasses the comparisons of an investment to an appropriate custom benchmark and to a peer group comprised of the largest 50 investments of a fund’s style category as designated by Morningstar, Inc., with at least ten years of historical data
CRC provides educational opportunities to Committees at regularly scheduled quarterly review meetings. At these meetings, the status of the client’s entire portfolio and its individual investments are reviewed with regard to the status of the overall market. When relevant, emerging industry issues and trends are brought to the Committee’s attention and discussed in relation to the Plan.
Plan design and regulatory consulting, including assistance with respect to compliance testing and annual filings regarding tax qualification and ERISA fiduciary compliance consulting
Administrative services consulting and vendor management
Request for Proposals (RFP) for service providers, including completion and evaluation of proposal documents, vendor coordination (presentations, site visits, service agreement negotiation)
Assistance with the development of employee communications and investment education materials and participation in employee meetings
Attendance at additional consulting meetings as necessary or requested
Assessment of compliance with ERISA section 404(c)
The City of San Marino has engaged Capital Research & Consulting, LLC for investment advisory services since 2013. Mike Haney and Steve Arnold were instrumental in educating and assisting me and my advisory committee in obtaining a new provider for the City's deferred compensation program at a substantially decreased cost. They conduct quarterly review meetings with the committee and make recommendations regarding the portfolio which we make available to our employees. I would strongly recommend them to any City seeking to improve their deferred compensation program.
I am writing to recommend the services of the Capital Research and Consulting, LLC (CRC). The City of Glendale has been using CRC for investment advisory consulting services since April, 2012. Services include quarterly monitoring reports and meetings with the Deferred Compensation Committee, manager termination/addition recommendations, the construction and implementation of an Investment Policy Statement, among other functions. During the course of the quarterly meetings CRC keeps the Committee abreast of trends and issues in the governmental defined contribution industry and provides fiduciary education and training to the members. We have been completely satisfied with CRC; they do a great job serving as the Plan’s advocate for better servicing and competitive fees.