Bidart & Ross quantitatively monitors all aspects of the retirement plan. For defined benefits plans we calculate performance on the composite portfolio as well as each of the underlying investment manager's. We analyze such factors as absolute and relative returns, adherence to fund guidelines and objectives, portfolio characteristics, and value added on a risk-adjusted basis.
For defined contribution plans we evaluate how the participants are investing the plan’s total assets. Each mutual fund manager is monitored and measured based on the specific investment criteria outlined in the plan’s investment policy statement.
Our significant experience in working with diverse committees, boards and trustees has given us a special appreciation for the analysis process from the client's perspective. Every report we produce is tailored to the client’s individual needs and is presented at the level of detail they find most useful.
Although it is our obligation to scrutinize the work of our clients' managers, we recognize the importance of working with each manager to advance the best interests of our clients. Moreover, while we believe in frequent due diligence, we guard against excessive short-term orientation to performance measurement. High manager turnover can exact a heavy premium on investment returns.