The energy industry has a clear purpose – to find, extract, produce, transport and sell the energy that runs the world. It's safe to say that no energy company would list "managing millions or billions of dollars of retirement assets" as a core competency. Yet many companies continue to devote substantial resources to this very task, saddling key HR, finance, and legal professionals with the complexity, risk, and administrative drudgery of investment management.
The good news for plan sponsors is that there's an alternative to the company self-managing its retirement plans, It's called an outsourced chief investment officer (OCIO) solution.
Learn more about the benefits of an OCIO solution and how it can help cut costs while also empower employees to build a more secure future.