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A written record for every fund decision.

PlanTools is retirement plan reporting and monitoring software for financial advisors. It scores the lineup on Morningstar data, holds the investment policy statement, and produces the quarterly review — so the file shows what was decided, when, and on what evidence.

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Financial advisors supported
8,000+
Assets under management
$2.2T
Building since
2009

Scorecard

2,300 funds, A to Z by fund name: 791 Suitable, 653 Acceptable, and 856 Under Review.

Create your own Scorecard.

Score any of the 330,000 funds provided by Morningstar against the criteria in your investment policy statement.

Create your Scorecard

Who we are

Retirement plan technology, built in house since 2009.

PlanTools supports 8,000+ financial advisors and $2.2 trillion in assets under management.

It is the software they use to monitor retirement plan investments, document each decision, and report it to the committee.

About PlanTools

Custom reporting built for

Custom reporting

Enterprises that need one methodology across every plan.

National advisory firms, recordkeepers, insurers, and asset managers come to us when the standard report isn’t theirs. We build their own methodology and their own version of PlanTools into our platform, carrying their brand and identity, and run it at global scale for every office, advisor, and plan they serve.

Fiduciaries are sued over inconsistency

  • Inconsistent policy statements

    An investment policy statement that says one thing for one plan and another for the next, or a review that doesn’t follow the policy it cites.

  • Scoring that differs between plans

    The same fund, measured on the same criteria, passing for one client and failing for another.

  • No process on the record

    Decisions that can’t be traced to written criteria, a dated review, and the evidence behind them.

Built into the platform, one methodology closes those gaps by design: every plan scored the same way, under the same policy language, with the record kept as the work is done.

Three proofs

What the record is made of

01

Scorecard

Score each plan pass / fail on 10 or 12 points, or on a 100-point scale, then mark every fund pass, watch, or fail against the criteria you set.

How it works

02

IPS and quarterly monitoring

The investment policy statement states the criteria. The quarterly review measures the lineup against it and dates the result.

How it works

03

Fiduciary Vault

Plan documents are filed in one place, with a portal for the plan sponsor and an audit log of every upload, download, and sign-in, so the record can be produced when someone asks for it.

How it works

Inside PlanTools

The controls behind every score.

Each decision the committee makes starts as an action in PlanTools and ends as a line in the report.

Fund actions

Add, watch, replace, or proxy a fund. The status prints beside it in every report table.

How it works

Fund actions

Nuts & Bolts 401k Plan

Proposed fund change

T. Rowe Price Dividend Growth Advisor

3

TADGX · Large Blend

Removal

Map to

Fidelity Large Cap Stock

12

FLCSX · Large Blend

Proposed

Prints as Removal and Proposed, with both scores side by side.

Actions

  • Added
  • To be Added
  • Proposed
  • Watch
  • Place on Watch
  • Removal
  • To be Replaced
  • Exception
  • Proxy
  • Adjusted Scoring
  • Don't Score
Illustration. Replace and Remove show example funds; the other funds are from the sample monitoring report, and the CIT is an example.

Scorecards

One point per IPS standard, every quarter, with twelve quarters of history on one line.

How it works

Score history

3Q26 – 4Q23

Fund3Q262Q261Q264Q253Q252Q251Q254Q243Q242Q241Q244Q23Avg
Target Date
LIKKX9989999999899
LIHKX9989999999899
Equity
PEQSX12121212121212121212121212
JLGMX9101212111110101011121211
RPPRX12121212121212121212––10
MFLLX91088888888898
RNWGX11111212121212121212121212
Fixed Income
FBKWX12121212121212121212121212
FBKWX(Proposed)12121212121212121212121212
PICYX(Removal)11121212121112121212121112
Money Market
IJGXX–––––––––––––
Index
FXAIX12121212121212121212121212
The scores are from the sample monitoring report's Fund Scoring Executive Summary, shown as of 3Q26. A dash means the fund had no score that quarter.

Peer group overrides

Rank a fund against the peers it competes with when the assigned group does not fit.

How it works

Peer group

PEQSX

Putnam Large Cap Value R6

Assigned
Large Value
Override
Large Blend

Ranked against the peer group

  • Total Return 1Y · 3Y · 5YTop 50%
  • Expense RatioLowest 50%
  • Peer rank, CGOG™ metrics1 – 100
Illustration. The override is an example of the control, not a recommendation for this fund.

Calculation index

Change the index that beta, capture, information ratio, and R-squared are measured against.

How it works

Calculation index

PEQSX

Index

S&P 500 TR USD

Change
Series1Y3Y5Y10Y
PEQSX11.1620.7417.5813.35
Index9.4416.9613.8710.72
Excess+1.72+3.78+3.71+2.63

Standards measured against the index

  • Beta Collar 3Y · 5Y
  • Capture Ratio 3Y
  • Info Ratio 3Y · 5Y
  • R-squared 3Y · 5Y
Annualized returns from the sample fact sheet. Excess return is the fund's return minus the calculation index.

Ranking logic

PlanTools’ own percentile ranks, 1 best to 100 worst, with the formula printed in the report.

How it works

Ranking

Percentile rank

1 bestworst 100
  1. 1 – 25
  2. 26 – 50
  3. 51 – 75
  4. 76 – 100

Higher is better

=(1 - PERCENTRANK.EXC(X:X, X2, 2)) * 100

  • Alpha
  • Info Ratio
  • Sharpe
  • Sortino
  • Batting Avg
  • Upside Capture

Lower is better

=(PERCENTRANK.EXC(X:X, X2, 2) * 100) + 1

  • Std Dev
  • Max Drawdown
  • Downside Capture

Open-end funds in the same peer group are ranked directly. CITs, ETFs, GRPAs, private funds, and separate accounts are ranked by simulation against the open-end universe.

From the CGOG™ report's ranking formula. Morningstar's rank is not used.

Reports

The quarterly Monitoring Report and the CGOG™ Investment Analysis, page by page.

See the sample reports

Reports

Nuts & Bolts 401k Plan

  • Monitoring Report
  • CGOG™
IncludedSectionPage
Cover1
Executive Summary3
Fund Menu4
Fund Decisions6
Scoring Legend9
Fund Scoring Executive Summary10
Fund Scoring Report13
Fund Fact Sheet36

Quarter ending September 30, 2026

Under the advisor’s name

Illustration. Sections and page numbers from the sample Monitoring Report; the CGOG™ Investment Analysis adds 5 more.

Questions

What PlanTools is.

What is PlanTools?
PlanTools is retirement plan reporting and monitoring software for financial advisors. It scores a plan’s fund lineup, holds the investment policy statement, and produces the quarterly review, so the file shows what was decided, when, and on what evidence. PlanTools, LLC has built it in house since 2009 and supports 8,000+ financial advisors and $2.2 trillion in assets under management.
Does PlanTools use Morningstar data?
Yes. Morningstar, Inc. provides fund data for 330,000+ investments, updated every month. PlanTools has access to all of Morningstar’s investment data. Scores and percentile ranks are calculated by PlanTools from that data, on the criteria the committee adopted, rather than taken from Morningstar.
What retirement plan reports does PlanTools produce?
Two standard reports come out of PlanTools. The Monitoring Report is the quarterly record of the lineup and what was decided about it. The CGOG Investment Analysis compares candidate funds in one peer group before a fund is added or replaced. Enterprises can also have their own methodology and brand built into the platform.
Where does the plan data come from?
Recordkeeper partners — 95+ of them — send plan-level data at least monthly, and some send it daily. Many also send participant-level data. Fund figures in the scorecard and the reports come from Morningstar.
Who is PlanTools for?
Financial advisors who monitor retirement plans, and the national advisory firms, recordkeepers, insurers, and asset managers that need one methodology across every plan. (k)oncierge is priced per plan, Team per advisor, and Enterprise by contract.

Start with your current lineup.

Send us the plan documents and the fund list. We will walk through how the scorecard, the IPS, and the quarterly review fit your review cadence.

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