Fiduciary Audit Package

Because ClearPath Retirement Partners will serve as the investment advisor to the plan, the plan sponsor is relieved from the duty of being an expert on investments. Instead, the plan sponsor will be subject to the more modest burden of ensuring the advice ClearPath provides regarding the plan's investments is reasonable. By contrast, many other "retirement plan consultants" are unwilling to acknowledge their status as an investment advisor or a fiduciary to the plan, which means that all of the responsibility remains with the plan sponsor. In addition to the assistance ClearPath can provide with regard to investment advice, it can also provide training to the plan committee, assist with governance of the plan, monitor the effectiveness of other service and product providers, and provide electronic document storage.

Fiduciary Oversight

Investment stewards wear many professional hats. And while they may spend the least amount of their working life on retirement plan issues, their fiduciary role possesses the most significant amount of personal risk in the corporate arena. Inundated with primary job functions, finance and human resources executives lament their lack of time and tools to fulfill their fiduciary accountabilities, with a high level of assurance and protection. This uncertainty is the main cause of their concern towards their personal liability as a fiduciary.

To meet this void, ClearPath Retirement Partners offers a fiduciary oversight program that delivers protection and ensures excellence in plan management through independent governance and monitoring. Under this program, ClearPath Retirement Partners' clients satisfy the following fiduciary functions with an uncompromised level of assurance:

• Demonstrate prudence through a document trail
• Understand the key factors around investment management decision making
• Adhere to the plan document and the committees' investment strategies
• Avoid conflicts of interest
• Monitor service providers according to the new global benchmarks of fiduciary excellence

Why plan sponsors use our fiduciary oversight program:

1. Easy to Use
Fiduciary functions are managed effectively through a written co-fiduciary arrangement. With our program you save time, reduce personal risk, and gain access to critical fiduciary tools.

2. Document Decisions
Managed within a protected fiduciary document solution, investment committees can demonstrate ERISA's prudence requirements through a trail of informed decisions. With a point and click, fiduciaries can evidence their investment rationale and map key decisions to the plan's guiding documents.

3. Continuity of Conduct
We ensure a high level of continuity in the event of investment committee turnover. Our fiduciary oversight program preserves the integrity of past decisions and provides effective succession for future fiduciary governance.

4. Clarify Roles and Responsibilities
We help investment committees align internal responsibilities and benchmark the services of operational platform providers such as administrators, record keepers, custodians, and investment managers.