Impact Assessment

1

Have you put in place a process to comply with 408(b)2 disclosures?* This field is required.

YESNO

2

Do you have your plan’s goals and objectives formally documented?* This field is required.

YESNO

3

Do you have a formal Investment Policy Statement and is it referenced during plan reviews?* This field is required.

YESNO

4

Do you formally review your plan investments against appropriate benchmarks at least annually?* This field is required.

YESNO

5

Do you know how the provisions (features, match, etc.) in your plan compare to industry averages?* This field is required.

YESNO

6

Do you know what your plan's expenses are and how they compare with industry averages?* This field is required.

YESNO

7

Do you measure the effectiveness of your education program each year?* This field is required.

YESNO

8

Are you happy with the level of participation and contribution rates by employees in your plan?* This field is required.

YESNO

9

Have you checked with your employees to see how well they understand the plan features and what information they need to make better investment decisions?* This field is required.

YESNO

10

Do you have a documented method for keeping informed of changes that could affect your plan?* This field is required.

YESNO

11

Do you know who is considered a fiduciary to your plan and have they acknowledged their status in writing?* This field is required.

YESNO

12

Do you know what criteria to use for replacing an investment within your plan?* This field is required.

YESNO

13

Do you know what are considered prohibited transactions?* This field is required.

YESNO

14

Do you document the minutes of your retirement plan committee meetings?* This field is required.

YESNO

15

Company Name:Optional

16

EmailOptional

example@example.com

17

Calculation

18

0 -4 Points = D

There may be serious liability issues in the way your plan is being managed and you should take additional steps now to

19

5 - 8 Points = C

Understanding what is required and taking steps to meet those obligations is a move in the right direction. You should now implement a process to meet ERISA’s requirements.

20

9 - 11 Points = B

You have completed several steps towards meeting the responsibilities of running a compliant retirement plan. Complete the remaining steps to help ensure plan success.

21

12 - 14 Points = A

You have taken the steps necessary to help ensure your plan is being managed in a manner consistent with the regulations outlined by ERISA. Great Job!