PEI Announces Fiduciary Protection Program
WARREN, NJ, October 11, 2012 -- Portfolio Evaluations, Inc. (PEI), one of the nation's leading institutional investment and retirement plan consulting firms, has introduced a complete fiduciary protection program, PEI-ShieldSM, which the firm anticipates will change the way retirement plan sponsors approach their fiduciary duties.
PEI's three co-founders, Michael Sasso, Attila Toth, and Rich Torbinski introduced this complete solution because for the past 20 years they have experienced how the fiduciary responsibilities of retirement plan sponsors have evolved and why this bundled solution can provide one of the highest levels of fiduciary protection available today. When discussing the benefits of PEI-ShieldSM with the three co-founders, they made the following points:
"PEI-ShieldSM is designed to insulate plan sponsors from a fiduciary breach and potential litigation in today's challenging regulatory environment. This is possible because the PEI-ShieldSM program is powered by a crossfunctional team of tenured industry experts that utilize more than 25 distinct fiduciary services to customize a program that can prudently fulfill the fiduciary requirements of any retirement plan. Continuous fiduciary education and proper documentation of the fiduciary decision process are two key elements of this multi-faceted program."
This new program is very different than other offerings from most advisors. PEI can provide this comprehensive solution because they developed dedicated teams with the requisite skills, knowledge, and experience to deliver a broad range of fiduciary services. These teams consist of the Retirement Plans Consulting Group, Investment Due Diligence Group, Investment Consulting Group, and Client Services Group. Members from each of these four teams work together to customize a PEI-ShieldSM program for each of their client's retirement plans, using a diverse and deep menu of fiduciary services."
Retirement plan investment committees are selecting the PEI-ShieldSM program over other alternatives because plan sponsors seek one solution that can prudently alleviate the burden of the numerous and complex regulatory requirements. More than ever before, plan fiduciaries require a prudent, conflict-free expert when making plan decisions. One way PEI-ShieldSM fulfills this need is by ensuring the fiduciaries consider the right information in the right way when making all plan-related decisions. As a result, PEI's guidance can also improve retirement outcomes of the plan participants."
To learn more about this unique fiduciary protection program, please visit PEI at http://porteval.com/our_services/peishield.aspx.
About PEI
Portfolio Evaluations, Inc. (PEI) is a privately-owned consulting firm focused on providing institutional investment and retirement plan consulting services. Founded in 1992, PEI operates in an independent, non-affiliated capacity to provide advice, guidance, direction, and education to the fiduciaries of institutional investment programs. PEI has offices nationwide to service client needs. Clients include both private and public entities including corporations, non-profit institutions, endowments & foundations, governments and municipalities, unions, and board designated groups.
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