Fiduciary Benchmarks believes that certain aspects of benchmarking are “non-negotiable” as Plan Fiduciaries are required to ensure that they are “paying only reasonable plan expenses”. So, what do we think a responsible Fiduciary should focus on?


With that said, we realize that Plan Fiduciaries also have different approaches as it relates to satisfying their obligations so we have developed a number of different services that adhere to our core principles while allowing for differences in scope and time.

Learn more about our benchmarking services below.

downward-arrow

Our Benchmarking Services

Value and Fee Benchmark Report with FEEPOINT™ Calculation

Our most detailed report includes plan-specific value and fee benchmarking by service provider. This report is available for the plan or for the individual service provider (Recordkeeper, TPA, Investment Manager and Advisor/Consultant).

Each chapter follows a simple 5-step method for assessing fee reasonableness as follows:

  • Customize Benchmark Group
  • Consider the Quality of your Service Providers
  • Analyze the Scope of Services and their impact on Plan Costs
  • Assess Value Delivered to the Plan Sponsor and their Participants
  • Examine Fees including “extra credit” items

 

PlanPoint

This report offers plan-specific fee analytics along with a generic description of value for a single service provider. It is offered for Recordkeepers, TPAs and Advisor/Consultants. This report is best for a fee “check-in” when the service providers value is not in question.

 

Plan Profile

This report offers plan universe data as it relates to fees, plan design, participant success and generic service provider value. This report is a good lead-in to the more robust Value and Fee Benchmark Report with FEEPOINT™ calculation.

 

ADDITIONAL VALUE AND FEE BENCHMARKING SERVICES FOR SERVICE PROVIDERS

FeeChecker

This service is intended for service providers for fee and service research as well as a “book of business” analysis. It can provide specific plan size data or analyze all of the plans in your firm from a value and fee standpoint to determine where you need to focus your efforts.

 

Proposal Validation

This service is intended for service providers as an independent analysis of proposals being submitted to prospective new clients. This helps bring the focus back to what services and value will a service provider add to a plan as opposed to “who has submitted the lowest bid”.

 

Have Questions?

We’re happy to answer all of your questions.

Call Us: 866-516-4909

Request an Appointment

Speak with a Fiduciary Benchmarks Sales Consultant to learn which service will best fit your needs.