Diversified Investment Advisors Launches New Investment Evaluation Tool
PURCHASE, NY, July 24, 2006 -- Diversified Investment Advisors, Inc. a national investment advisory firm specializing in retirement plans, has introduced the Diversified Fund Evaluation Report, a tool that allows retirement plan sponsors to efficiently evaluate the ongoing performance of their plans' investments, as well as comply with today's rigorous reporting requirements.
Specifically, the Diversified Fund Evaluation Report provides comprehensive, customized, quarterly reports to help plan sponsors easily determine whether their investments are addressing their plans' specific objectives. Each report offers a detailed analysis of a plan sponsor's investment funds and identifies funds that are either meeting or falling short of expectations according to the plan's specific criteria. In addition, the Diversified Fund Evaluation Report outlines relevant observations for each fund and includes commentaries that illuminate any underlying issues that may influence the fund evaluation process.
"The Diversified Fund Evaluation Report helps plan sponsors answer the key question, 'How are my plan's investments performing?'," says Patricia Advaney, vice president of Diversified's Investment Solutions Group. "Unlike many other reporting services, the Diversified Fund Evaluation report is completely customizable to the plan sponsor's needs. Fiduciaries have been impressed by how well we can report on their criteria – not ours – thereby making the investment review more relevant."
Another key benefit of the Diversified Fund Evaluation Report is that it helps plan sponsors meet their fiduciary responsibilities by monitoring their plans' investments to help ensure stated objectives. With this in mind, Diversified designed the report to mirror the investment policy statement of each plan sponsor by documenting the fiduciary's evaluation and decision-making processes regarding investment results.
Prior to developing a customized Diversified Fund Evaluation Report, Diversified works with the plan sponsor to help create an investment policy statement or refine an existing one so that it clearly articulates the evaluation criteria. While each investment policy statement is entirely client driven, it generally includes such evaluation measures as performance rankings and benchmark correlations, risk, risk-adjusted returns, and specific metrics of performance consistency.
"The Diversified Fund Evaluation Report will be tremendously valuable to plan sponsors as they perform their regular due diligence for retirement plan investments," explained Advaney. "Our goal was to make the evaluation process simpler and more focused for plan sponsors, while providing a comprehensive report that would document the decision-making process logically and more transparently. It gives plan sponsors an effective tool to help them more easily comply with their fiduciary responsibilities."
About Diversified
Diversified Investment Advisors, Inc. is a national investment advisory firm specializing in retirement plans. The company's expertise covers the entire spectrum of defined benefit and defined contribution plans, including: 401(k) and 403(b) (Traditional and Roth); 457; non-qualified deferred compensation; profit sharing; money purchase; cash balance and Taft-Hartley plans; and rollover and Roth IRA. Diversified helps more than 1.4 million participants save and invest wisely for retirement.
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