Issue link: https://resources.envestnet.com/i/1527510
FOR PLAN SPONSOR OR FINANCIAL PROFESSIONAL USE ONLY. Comprehensive 3(38) fiduciary support Envestnet delivers independent and innovative retirement solutions to the broad spectrum of retirement advisors and plan sponsors. Powered by innovative technology, research, and dedicated and experienced staff, Envestnet Workplace Fiduciary Solutions is a leading provider of ERISA 3(38) fiduciary support in the retirement industry, with 6,200 plans and $15 billion in assets under advisement. * What is a 3(38) plan fiduciary or "investment manager"? ERISA defines an investment manager as any fiduciary with the power to manage, acquire, or dispose of plan assets. An investment manager must be a registered investment adviser, bank, or insurance company. The plan sponsor and/ or its trustees are not liable for acts or omissions of the 3(38) investment manager and have no obligation to invest or otherwise manage any asset of the plan that is subject to the management of that investment manager. EWS Investment Score™ Methodology: Proprietary scoring helps govern investment selection Our fiduciary service is supported by our proprietary EWS Investment Score Methodology, specifically designed to evaluate and monitor investment options in qualified retirement plans. Our EWS Investment Score Methodology is a unique process focused on quantitative and qualitative factors. It applies all these factors to the broad universe of investable assets used to evaluate all plan-designated investment alternatives. EWS Investment Score results are continually vetted and refined, placing a premium on managers with the following characteristics: Ranking methodology To supplement our SCORE process that provides ongoing oversight of all the plan investment options, Envestnet also has a proprietary ranking methodology that governs the process we follow when funds need to be replaced in a lineup. This methodology identifies our highest conviction strategies across a broad set of asset classes and results in our EWS Select List. We draw from our Select List and choose our highest conviction product at a given recordkeeper when replacing a fund that no longer meets our SCORE requirements. S Style 10% R Risk 35% O Organization 10% C Cost 10% E Execution 35% *As of April 30, 2023.