Provider RFPs & Fee Benchmarking
Develop data-driven strategies & keep your plan competitive
Provider searches and fee benchmarks are cornerstones of the Accelerate Retirement service model. We use an RFP approach to ensure that apples-to-apples comparisons are used throughout the benchmarking process.
This approach includes:
- Taking a deep dive into your plan’s investment needs, service requirements, and size to pair that with a provider that has the system capabilities, strength & expertise, and resources to support your employee demographics
- Thoroughly breaking down investment expenses by extracting the different components: 12b-1, shareholder servicing fees, sub-TA, asset-based fees, and investment management fees
- Using our fee benchmarking process to negotiate fees on your behalf with your plan provider on an ongoing process
- Facilitating a seamless transition process using our deep expertise in plan provider conversions
What’s in a Benchmark?
The designated benchmarks used within the Scorecard System were selected because they are the most appropriate and/or most commonly used indices in the marketplace (Russell 1000, MSCI EAFE, BC US Aggregate Bond, etc.). While both the Russell and S&P indices … Read More
How Many Retirement Plan Committees Does Your Organization Need?
Retirement plan committees can help plans function more efficiently and effectively. They aren’t a requirement under ERISA, though many organizations choose to establish committees for the many advantages they offer. A Host of Benefits Committees can assist retirement plans in … Read More
The Retirement Reshuffle Is Impacting Plan Sponsors
Across the nation, more and more workers are expecting to postpone retirement. In fact, a survey by the Nationwide Retirement Institute shows that 40% of older employees plan to retire later than anticipated because of inflation. And delays don’t just … Read More