Investment Advisory services for The Sensible 401k™ Plan are provided by Gordon Asset Management, LLC ("GAMLLC"). Independently owned and operated since 2001, GAMLLC’s team of retirement service professionals has been working with 401(k) Plan Sponsors for nearly 20 years, serving in a fiduciary capacity since day one and always putting the client’s interests first.
Investment Selection & Monitoring
GAMLLC serves as a 3(38) Discretionary Fiduciary with respect to the selection and monitoring of The Sensible 401k™ Plan's investment menu. This means GAMLLC will select the available investment options within the plan, monitor their performance, and (if needed) replace underperforming funds. As a 3(38) Fiduciary, plan participants can rest assured that investment decisions will be made in their best interest and are absent of any conflicts of interest. Plan Sponsors benefit from this arrangement as they are able to outsource the liability for investment decisions.
Investment Policy Statement
An Investment Policy Statement ("IPS") is a document that outlines rules and responsibilities for managing the plan's investment menu. Among other things, the IPS includes guidelines for each investment's fees, performance, track record, and risk metrics. When you launch your Sensible 401k™ Plan, you will be provided with an IPS.
Quarterly Investment Review Process
To ensure adherence to the IPS guidelines, investments are screened through an 11-factor quantitative review process. If an investment fails to meet IPS standards, the investment will be placed "On Watch" and/or recommended to be replaced. If a replacement is warranted, GAMLLC will pick the best-fit option using the IPS criteria.
Quarterly Reporting
Plan Sponsors receive a due diligence packet that summarizes the results of the investment review process. This report includes the investment performance data and rankings, fund expense ratios, and fund"On/Off Watch" status. This report also contains commentary for any funds that have been places "On Watch" or flagged for removal/replacement.
Why Gordon Asset Management, LLC?
When outsourcing investment selection and monitoring services, it is important to work with an advisor who is experienced, bound by law to your best interest, and independently vetted. In addition to the decades of experience serving clients as a fiduciary, GAMLLC is certified for fiduciary best practices by The Centre for Fiduciary Excellence ("CEFEX"). This voluntary certification supplements the regulatory oversight of the SEC and is intended to offer clients an added layer of confidence that fiduciary best practices are being followed.
