Protocol

MVI uses the term Protocol. Which usually is a reference to military planning. In this case the word has been chosen because of its strict interpretation of regulations. Well educated Trustees will share many of the following characteristics as well as the professionals they hire to execute their responsibilities.

Characteristics of a Plan Administrator

Honesty and integrity
Fairness and impartiality
Consensus builder
Transparency
Willingness to do due diligence
Preparation for all meetings
No exceptions in delivery of regulatory information

Effective Trusteeship and Decision Making

Jointly managed Benefit Plans
DOL and IRS enforcement responsibility
Accounting and Auditing
Understanding Employee Benefit Plan financial statements
Internal Controls
Plan Policies and Documentation
Performance Measurements