| | | Detailed. Thorough. Comparative. | | | An optional Defined Contribution Module helps advisors build, evaluate, and monitor defined contribution plans. Advisors can quickly determine the strength of current and proposed lineups, making sure a plan is consistent with the plan sponsor’s investment policy statement and offers choices appropriate for the plan’s participants. The module offers tools to document every step of the due diligence process and help advisors meet fiduciary responsibilities. Detailed reports draw from Morningstar’s timely data on relevant investment options. | |
| | | The Defined Contribution Module taps into the extensive investment data offered through Morningstar® Advisor Workstation Enterprise Edition, including thousands of mutual funds and variable annuities. The module makes it easy to build a plan lineup and analyze the impact of proposed changes on a plan’s performance, diversification level, and expenses. Advisors can easily generate customized FINRA-reviewed reports for professional presentations of their recommendations. | | | | | Evaluate and compare plans | | | | | |
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| | | Advisors can build a case for updating or replacing a retirement plan using Advisor Workstation’s Defined Contribution Module. The Defined Contribution Plan Comparison Report demonstrates the differences between two plans in a compelling side-by-side format. It breaks out both investment- and plan-level costs, including expense ratios and administration fees. Simple comparisons of diversification across asset classes, styles, and regions help advisors quickly determine which plan is more appropriate. A fund-by-fund breakdown indicates individual and category performance, as well as risk and return data. Available through the Defined Contribution Module, Target Date Fund Series Ratings and Research Reports offer quantitative and qualitative analysis of the management, underlying investments, performance, and costs of these popular funds. Advisors can use this report to compare target date funds and identify which funds offer the best performance at the lowest cost. | | | | | Monitor and demonstrate a plan’s details | | | | | |
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| | Using Advisor Workstation’s Defined Contribution Module, advisors can periodically update clients on the state of their retirement plan. They can also generate reports to present recommended changes to existing plans. In either scenario, the Plan Status Report presents an at-a-glance view of a current or proposed plan’s style, sector, ownership, and regional attributes using timely Morningstar data. It also includes a detailed breakdown of performance and fees for both the individual investments and the entire plan. Iconic charts and exclusive measures like the Morningstar Rating™ and Morningstar Style Box™ help clients understand and weigh a retirement plan’s characteristics. An Alerts Summary quickly indicates areas where any investment in the lineup is not currently meeting the advisor’s established criteria.
Learn more about the Defined Contribution Plan Status Report  | | | | | |
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