004 · The Findings
What we found.
93 Investment Policy Statements, scored 1–5 against the rubric across 14 domains. No plan is named here and none can be worked out: plans appear once, as opaque numbers, in a single list. Everything else is a distribution.
How the universe scores
Overall score, 16 bins of 0.25. The rust line is the median.
Top overall
The only place a plan is labelled — and only with a number that means nothing else on this site.
| Plan | Overall |
|---|---|
| Plan 76 | 4.25 |
| Plan 39 | 4.06 |
| Plan 15 | 4.04 |
| Plan 7 | 3.96 |
| Plan 23 | 3.96 |
| Plan 32 | 3.94 |
| Plan 4 | 3.92 |
| Plan 29 | 3.90 |
| Plan 34 | 3.90 |
| Plan 49 | 3.90 |
By domain
Mean score per rubric domain. Rust bars are core domains (they drive the overall score); grey are optional.
By category
Category means average every domain in the category, optional ones included — so they aren't directly comparable to the overall score.
Most common critical gaps
68 of 93 plans (73.12%) have at least one domain flagged as a critical gap.
| Domain | Plans | Share |
|---|---|---|
| Spending / Distribution Policy | 57 | 61.29% |
| Liquidity & Cash Flow Management | 27 | 29.03% |
| Rebalancing Policy | 16 | 17.2% |
| Time Horizon & Constraints | 6 | 6.45% |
| Performance Measurement & Benchmarks | 2 | 2.15% |
| Risk Tolerance & Risk Philosophy | 2 | 2.15% |
| Strategic Asset Allocation | 2 | 2.15% |
| Implementation & Manager Oversight | 1 | 1.08% |
| Monitoring, Reporting & Review | 1 | 1.08% |
By lens
Each domain is scored through four lenses; this is the mean of every lens score in the universe.
Recent rewrites vs the universe
27 plans adopted or revised their IPS in the last twelve months. Their median is 3.67 against the universe's 3.53. Distribution only — no rows.