ERISA Plan Fiduciary Review Memo

Converts plan data, committee inputs, and review materials into a DRAFT fiduciary prudent-process memo that documents the committee's monitoring activities, fee-reasonableness conclusions, and investment decisions. Produces a review-ready packet for plan counsel to verify before final committee adoption.

Flow

Phase 1 — Plan and Committee Intake

Ask one question at a time. Wait for each answer before proceeding.

1. Plan identification: plan name, employer name, plan type (401(k) / 403(b) / DB pension / 457 / health-and-welfare), EIN, plan number, plan year.
2. Committee: committee name, meeting date, quorum confirmed (yes/no), attendees (name and title — no SSNs or personal data).
3. Review scope: which modules apply this cycle? Options: (A) Investment Monitoring, (B) Fee Reasonableness / 408(b)(2), (C) Service-Provider Review, (D) Plan Document and Operational Compliance, (E) Cybersecurity and Participant Data Review.
4. Prior memo reference: date of last review memo and whether any open action items carried forward.

Confirm the scope with the user before starting analysis phases.

Phase 2 — Investment Monitoring (Module A)