| SummitPlan™: The retirement plan solution that maximizes protection for fiduciaries and participants alike. |
| SummitPlan™ is built by fiduciaries for fiduciaries and is engineered to reduce exposure to fiduciary liability. SummitPlan™ includes the following features: |
| Prudent Investment Management |
| In SummitPlan™, the duty of prudence is demonstrated through core investment strategies firmly rooted in low cost indexing investing and risk managed portfolios. Special care is given to risk mitigation, cost structure, diversification and risk reward suitability for each plan. |
| The FACS™ Program |
| SummitPlan™ includes installation of the FACS™ Program a specialized ERISA fiduciary governance program developed by DFM’s founders. This program protects fiduciaries from liability exposure and qualifies the retirement plan for access to the investment portfolios available through SummitPlan™. Once implemented, the FACS™ Program serves to deter future litigation by delivering a detailed record of procedural prudence to the appointing fiduciaries every fiscal plan year. |
| Fiduciary Audit® |
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SummitPlan™ also employs the Fiduciary Audit® created by Jeff Mamorsky, Chair of the ERISA department of Greenberg Traurig LLP and one of the original authors of ERISA. The Audit verifies that the Plan’s operational controls satisfy statutory ERISA and Sarbanes-Oxley §404 requirements. Click to view more details about The Fiduciary Audit® Program |
| Comprehensive Record Keeping and Administration |
| To ensure the accurate operation of SummitPlan™, Denali FM identified established experienced TPA’s who are willing to work in the SummitPlan environment. These firms are independent of Denali or any investment management company in ownership and operational management. Each TPA agrees to operate their work flow processes and align their IT system under the aegis of the SummitPlan™ plan document and Fiduciary Audit®. |
| Trust & Custody Services
SummitPlan™ TPA organizations keep all plan participant records. They are electronically linked directly with the plan’s corporate Custodian and Trustee. Independent TPAs typically have electronic linkages with two or three corporate Custodians/Trustees. They have grown their business by having the capacity and flexibility to execute trades through more than one IT and securities trading platform. |
| Contractual Fiduciary Status
In providing SummitPlan™ investment advisory and fiduciary consulting services, DFM serves as a fiduciary to your retirement plan. This protects plan fiduciaries and plan participants by eliminating the conflict of having non-fiduciaries provide advice on plan management issues. In serving in a fiduciary capacity for SummitPlan™ customers DFM represents the interests of the plan participants. |
| Operational / Documentation Certification
After installing SummitPlan™, Plan Sponsors will be certified as operationally compliant for the Plan’s current fiscal year by the Fiduciary Audit®. Denali Fiduciary Management will certify SummitPlan™ customers as being currently compliant in FACS™ governance documentation for the Plan’s current fiscal year. |
| Optional: Outsourcing Fiduciary Responsibility to Prudent Experts
Many Plan Administrative Committee (PAC) members realize that serving in a fiduciary capacity requires more time and skills than they have or possess. In light of this recognition DFM is willing to serve as Independent Fiduciary to the plan. Exercising this option relieves PAC members of all fiduciary duties. DFM will assume responsibility for managing the Plan to ERISA’s Prudent Expert standard. This appointment protects the Board of Directors because they will have outsourced plan management to Prudent Experts. It also promotes the best interests of the plan participants. |
| Breaking News For the latest information from the fiduciary front. |
| The 10 Biggest Fiduciary Challenges: The most common challenges in Fiduciary Governance. |
| Fiduciary Governance Training: A training course that provides solutions to the 10 Biggest Fiduciary Challenges. |
| FEI The largest organization of financial officers in the world. |
| Sarbanes-Oxley Public CompanyAccounting Reform and Investor Protection Act. |
| The Impact of Sarbanes- Oxley: Discussion and Analysis with Jeff Mamorsky of Greenberg Traurig LLP. |
| Questions & Answers For CEOs & CFOs. |
| Questions & Answers For HR Professionals. |
| Questions & Answers For Legal Counsel. |
| Questions & Answers For Plan Participants. |
| Questions & Answers For Registered Investment Advisors. |
| Archive Archived Information. |
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