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Fiduciary Select

Reduce fiduciary risk with the backing of Morningstar Retirement’s more than 20 years of robust independent research and experience.

Our service not only helps you reduce your risk associated with being fiduciary to a plan but can also make it easier to build better lineups that suit your plan’s unique needs.

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Adaptable investment methodology

Take control of your plan. A small number of restrictions on asset class requirements puts your best thinking in the driver’s seat—with as much or as little input as needed from us.

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Advisor and plan sponsors first

Receive transparency in lineup changes and direct communication with an enhanced user portal and clear reporting options.

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Broad recordkeeper selection

Experience a simple onboarding process. Fiduciary Select is available at more than 10 recordkeepers, requiring minimal effort from plan sponsors and advisors.

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Lineup continuity

Avoid the complications of having to build a whole new lineup during onboarding. Our adaptable methodology means lineup options will have little to no impact on a current plan.

Types of investment fiduciary coverage

To serve a diverse set of fiduciary needs, Fiduciary Select offers two types of fiduciary coverage as outlined by ERISA.

3(21) investment advisor support

We provide some fiduciary support through guidance on a select list of funds, while the plan sponsor is responsible for making investment selections and keeping the lineup in compliance.

3(38) investment manager support

By building a lineup, providing ongoing monitoring, and keeping the lineup in compliance, we take on the fiduciary burden for plan sponsors.

Streamlined user experience

Plan oversight is made more convenient than ever with features like sample lineups, a portal for plan fiduciaries, and robust reporting.
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Workforce profiles

Asset class frameworks based on the level of investment knowledge of a plan’s participants can be used to determine the most appropriate asset classes to include in the lineup.

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Sample lineups

Extensions of our workforce profiles offer fund-level guidance in addition to our asset class recommendations.

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Plan portal

A one-stop-shop to check in on plan lineups, confirm funds are in compliance, find and download reporting, and more.

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Enhanced reporting

Receive plan performance reports, investment fund reports, and fund change memos all accessible from the plan portal.

Insights

Let’s collaborate

© Morningstar Investment Management LLC. All Rights Reserved. The Morningstar name and logo are registered marks of Morningstar, Inc. Morningstar Retirement offers research- and technology-driven products and services to individuals, workplace retirement plans, and other industry players. Associated advisory services are provided by Morningstar Investment Management LLC, a registered investment adviser and subsidiary of Morningstar, Inc.

The services are either performed by Morningstar Investment Management LLC or an affiliate.