OCC's 401(k) and Legacy Pension Plan Certified for Fiduciary Excellence

April 17, 2019
Chicago -

OCC, the world's largest equity derivatives clearing organization, today announced that the company's 401(k) plan and legacy pension plan have been certified as adhering to a global standard of excellence by The Centre for Fiduciary Excellence (CEFEX), an Fi360® company.

"OCC is committed to the financial and overall wellness of our colleagues," said John Davidson, OCC Chief Executive Officer. "Having a global and well recognized third-party such as CEFEX certify OCC's retirement benefits validates the rigor of our approach and commitment to providing our colleagues with high-quality investment opportunities to help them prepare for the future. In addition to our retirement plan, our Total Rewards benefits package also includes numerous health benefits, a student debt contribution program, 12 weeks of paid parental leave, a $2,000 technology stipend and a commuter program."

CEFEX is an independent global assessment and certification firm that works closely with investment fiduciaries and industry experts to provide comprehensive assessment programs to improve risk management for institutional and retail investors. The CEFEX standard of excellence for Investment Stewards is based on 21 fiduciary practices that seek to increase long-term investment performance by diversifying the portfolio across multiple asset classes and peer groups, evaluating investment management fees and expenses, and selecting or terminating investment managers. The practices also help uncover investment and procedural risk, which may assist in prioritizing investment management projects.

"Through CEFEX's independent assessment, the certification provides assurance to participants and stakeholders that OCC has demonstrated adherence to the industry's best fiduciary practices," said CEFEX Managing Director Carlos Panksep.

The annual certification process involves a detailed review of documents, investments and procedures followed by on-site interviews with key personnel. A full copy of the standard is available at


About CEFEX - CEFEX, Centre for Fiduciary Excellence, LLC, an Fi360® company, is an independent certification organization. CEFEX works closely with industry experts to provide comprehensive assessment programs to improve the fiduciary practices of investment stewards, advisors, recordkeepers, administrators and managers. CEFEX is based in Pittsburgh, PA. Connect to CEFEX at, via Twitter @CEFEX1 and on LinkedIn @CEFEX.


About Fi360 - Fi360, a fiduciary education, training and technology company, helps financial intermediaries use prudent fiduciary practices to profitably gather, grow and protect investors' assets. Since 1999, the firm has provided financial professionals with the tools necessary to act as a fiduciary in their work with investors. Headquartered in Pittsburgh, PA, Fi360 is the home of the Accredited Investment Fiduciary® (AIF®) designation, the Fiduciary Focus Toolkit™ and the Fi360 Fiduciary Score®. Fi360 is also the parent company of CEFEX. Learn more at via Twitter or on LinkedIn.

Your acceptance of all cookies will permit robust site functionality. If you don't allow cookies, some features and functionality of OCC's site may not operate as expected. If you do not choose either cookie setting for our site, or if you close this window, this message will continue to display on each page you visit. Cookie settings can be controlled in your Internet browser to automatically reject some forms of cookies. For more details on cookies this site uses, see our OCC Site Cookies page. In addition to using cookies, we retain other information, including your Internet Protocol (IP) address, for the purposes listed in the Privacy Policy. Do not accept analytic cookies Accept analytic cookies