Overseeing and managing defined contribution plans can be challenging. Fiduciaries must comply with ERISA, set and track investment policies and monitor compliance across both internal and external policies and regulations. Additionally, investment committees need to oversee the investment line-up and monitor all of the investment options available to participants. Mitigating litigation and audit requirements can also be expensive and consume valuable resources.
PRISM has all of the necessary tools to assist plan sponsors in all aspects of managing and overseeing plan assets.
Oversight Simplified
PRISM integrates analytics, governance, audit, process, data, and document management into one user-friendly system.
Create dashboards to monitor investment options against pre-determined criteria; automatically notify users of possible violations.
Analyze participant data to monitor various investment trends by age, asset class and diversification to align the plan with participant needs.
Easily provide auditors and consultants data, on a restricted basis, reducing time spent on data gathering.
Allow PRISM to be your everyday operational assistant to manage all of your oversight activities. Pro-active monitoring is effective and cost efficient for meeting your oversight needs.
Through dashboards, checklists and email alerts, PRISM offers transparency through all business processes making it easy to see where the organization stands on compliance and governance.
PRISM actively reviews compliance of data and documents based on pre-determined rules. As such, PRISM automatically executes governance rules and sends notification of compliance without the need for labor intensive, manual intervention.
PRISM eliminates the need for labor intensive, manual intervention. Available resources instead can focus more on either issues that arise or on implementing processes that actively prevent or diminish the possibility of issues.
System gates help prevent duplication of data and allows for auto compliance and verification checks. Managers and vendors can enter their individual data and documents into the system via the vendor portal. This allows effortless content management and helps eliminate redundant effort and possible inaccuracies.
Managing assets can be complex and challenging. Internal and external regulations and policies have to be met while achieving specific investment outcomes. Data and documents need to be created, collected, maintained and analyzed to meet audit, due diligence and compliance needs. Managers, performance data, portfolio statistics and holdings need to be analyzed and monitored. All of these activities collectively can be resource intensive and time consuming.
PRISM offers solutions for all of these challenges in one integrated, user-friendly system. Allow PRISM to help you navigate through all of these processes in a cost-effective, efficient manner for the optimal outcome you are striving towards.
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