Transamerica Retirement Services Investment Scorecard and Fiduciary Guide

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Transamerica Retirement Services Investment
Scorecard and Fiduciary Guide

• John DeMasi
• TPA Relationship Manager Eastern Region
• Philadelphia, PA

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Transamerica Fiduciary Planning Kit
What is it?

• Step-by-step instructions to assist clients
  understand and document compliance with many
  fiduciary responsibilities
• Available on CD-ROM and hardcopy

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Transamerica Fiduciary Planning Kit

• Part I Establishing Or Restating a Plan
• Documentation of Plan Provider Selection
• Designating Fiduciary and Other Roles
• Designing the Plan
• Creating and Documenting Investment Selection
• Employee Communications
• Plan Finalization

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Transamerica Fiduciary Planning Kit

• Easy-to-use checklists to guide through the
  documentation process
• Definitions of different types of fiduciaries
• Plan-design trouble shooting grid
• 6-step guide on how to develop an Investment
  Policy Statement
• 404(c) summary
• Employee Communication Schedule Worksheet

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Transamerica Fiduciary Planning Kit

• Part II Ongoing Fiduciary Responsibilities
• Periodic Reviews
• Annual Compliance and Plan Review Checklist
• Sample Review Meeting Agendas

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Transamerica Fiduciary Planning Kit

• Additional Resources
• Sample Investment Policy Statement
• Sample Investment Selection Matrix
• Transamerica Investment Monitoring Brochure

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Investment Scorecard

• Objective create a simplified overlay on an
  exceptionally complex issue i.e. Investment
  Selection, De-Selection and Monitoring
• The Scorecard is a quantifiable and measurable
  tool to help empower fiduciaries to take action
• In conjunction with the Fiduciary Planning Kit,
  fiduciaries have additional guidelines and tools
  to assist in fulfilling their fiduciary duties

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Investment Scorecard

• Quarterly assessment of Investment Options
  offered by Transamerica
• Scores Investments in 6 criteria from 1.00 to
  5.00
• Enables fiduciaries to see how Transamerica has
  rated funds based on our fiduciary process that
  has been endorsed by Standard and Poors
  Investment Advisory Services

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Investment Scorecard

• Standard Poors Investment Advisory Services,
  LLC (SPIAS)
• SPIAS is well-recognized in the investment
  analysis industry, and we have engaged them to
  perform a very meaningful and robust 2 prong
  evaluation
• A. Product level and individual investment option
  level evaluation to review product level
  diversity, diversity within style categories, and
  each individual fund itself.
• B. Overarching methodology review, i.e. they
  review the process that we employ
• SPIAS gave our process high marks

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Investment Monitoring Process

• Each Investment Option Score Based on Six
  CriteriaQuantitative Analysis
  (65)Performance Measurement (45)Style
  Consistency (10)Fees Expenses
  (10)Qualitative Analysis (35)Investment
  Process Portfolio Composition (10)Management
  Tenure (15)Organization (10)

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Investment Scorecard

• Offers a robust tool for initial fund selection
  that dovetails with the Fiduciary Planning Kit
  procedures
• Gives fiduciaries access to advanced analytical
  tools and data provided by Thomson, Lipper,
  Morningstar, Russell/Mellon Analytical Services
  and Standard Poors.
• Useful for Quarterly and/or Annual Investment
  Reviews

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Investment Scorecard

• Allows fiduciaries to see how their own funds
  score and how other available funds rank
• Notifies plan sponsors of funds on the Increased
  Monitoring and Watch Lists
• Conveniently available online at TA-Retirement.com

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