An investment policy statement (IPS) is a blueprint used to design and implement an investment program. The policy statement outlines the plan’s principal objectives and its procedures for making and documenting investment decisions. SCLC can help you develop a comprehensive, adequate and specific IPS that will:

• Document the prudence of the sponsor’s decision-making process
• Define how the plan will satisfy ERISA’s diversification requirements
• Improve the viability of the program by ensuring that investment decisions are made from a long-term, strategic perspective
• Streamline investment selection and monitoring by basing decisions on facts, not opinions

For more information about how to develop a prudent retirement plan IPS, download (in PDF form) our article Investment Policy Statements for Defined Contribution Plans.

For more information about to use an IPS to help select funds for a retirement plan, download (in PDF form) our article Using Investment Policy to Choose Asset Classes and Investment Funds.