{"id":768,"date":"2016-05-10T19:34:50","date_gmt":"2016-05-10T19:34:50","guid":{"rendered":"http:\/\/hr.uw.edu\/benefits\/?page_id=768"},"modified":"2026-04-02T10:23:22","modified_gmt":"2026-04-02T17:23:22","slug":"fund-review-committee-for-uw-retirement-plans","status":"publish","type":"page","link":"https:\/\/hr.uw.edu\/benefits\/retirement-plans\/fund-review-committee-for-uw-retirement-plans\/","title":{"rendered":"Fund Review Committee for UW retirement plans"},"content":{"rendered":"

Introduction<\/h4>\n

The University of Washington Retirement Plan (UWRP) and Voluntary Investment Program (VIP) Fund Review Committee (FRC) is a standing committee defined in each plan document and authorized by the UW Board of Regents. The committee\u2019s structure and authority is outlined in Section 5.6 of the UW Retirement Plan plan document (PDF)<\/a> and Section 5.6 of the Voluntary Investment Program Plan Document (PDF)<\/a> documents. The language in each section is identical, and one committee serves both programs.<\/p>\n

The FRC is appointed by and serves at the pleasure of the Provost and Executive Vice President of UW, who will consult with the Faculty Council on Benefits and Retirement, Professional Staff Organization, and the Association of Librarians in selecting FRC members.<\/p>\n

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Responsibilities<\/h4>\n

The FRC is responsible for reviewing the performance of the investments within the UWRP and VIP plans, as well as the plan recordkeeper(s). The FRC will evaluate, with assistance from the plan investment consultants, investment performance data and consider participants comments and concerns to ensure that the best interests of plan participants is being served. If the FRC believes that a change in investment options, or recordkeeper(s), is needed they will provide a recommendation to the Provost and Executive Vice President who has the delegated authority from the Board of Regents to act on the recommendations.<\/p>\n

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Investment policy statement<\/h4>\n

The FRC operates under an Investment Policy Statement (IPS) (PDF)<\/a> to guide oversight of investment options and recommendations to the Provost. The IPS is routinely reviewed to ensure that the goals remain relevant and appropriate.<\/p>\n

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Conflict of interest statement<\/h4>\n

FRC members shall not participate in the formulation or rendering of FRC advice where it reasonably appears that their participation could be influenced by financial or other considerations that are in conflict with their FRC obligations to only consider the best interests of plan participants and the University of Washington. Where a member is uncertain about this rule, the member should consult the Benefits office, who will seek the advice of the Attorney General as appropriate.<\/p>\n

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Fund data and recommendations to the Provost<\/h4>\n

You can assess the following documents using your UW NetID.<\/p>\n

Fund Data: Investment Fund Reviews<\/h5>\n