Ask your assistant what the plan file says.

• “Which funds moved from pass to watch this quarter, and on which criterion?”
• “List this plan's investment policy criteria, then the funds that fail any of them.”
• “Summarize the last four quarters of monitoring for the target date series.”
• “What benchmarking conclusion did we record for this plan, and on what date?”
• “Which documents are on file for this plan, newest first?”
• “Draft a committee agenda from this quarter's scorecard, grouped pass, watch, fail.”

Every one of these is a question about the record, which is where the answer has to come from. The advisor does not open PlanTools to get it, and the file does not change because the question was asked somewhere else.

Scorecards

Fund scores on the plan’s model, pass / fail on 10 or 12 points or the 100-point scale, and the pass, watch, or fail that follows from them.

Investment monitoring

Quarter-by-quarter movement against the criteria, including what changed since the last review.

Investment policy statement

The criteria a fund has to meet, and the dated history of changes to them.

Benchmarking

The comparison, the date, and the conclusion recorded with it.

Fiduciary Vault

The plan documents and review output on file.

Reporting

The output a committee meeting is built from.

Fund data in PlanTools is provided by Morningstar. It is part of what the connector reaches, on the same terms as the rest of the platform.