DC Benchmarking Services

Service Providers and Plan Sponsors need to work together to determine fee reasonableness and to produce the best possible retirement outcomes for participants.

Fiduciary Decisions 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?

Use the Right Data

All of Fiduciary Benchmarks’ data is obtained directly from the source – the Recordkeepers, TPAs and Advisor/Consultants that know the plan best. The data is 90 days or less old when obtained, is reviewed for accuracy, and is comprehensive in that it includes fees, services, support and participant success measures.

Apply an Expert Method

Fiduciary Benchmarks’ proven method focuses on building apples-to-apples benchmark groups of similar plans by service provider, using high-quality data and providing a balanced assessment of the relationship between value and fees.

Consider the Best Information

Fiduciary Benchmarks reports are designed to be simple, transparent and practical. The reports provide concise information and actionable intelligence that support sensible decision making. The reports and the process used to review them can be part of a prudent ERISA required review of fee reasonableness.

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.

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).

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Presentation Style - Value and Fee Benchmark Report with FEEPOINT® Calculation

This report is delivered in two PDF’s – a committee ready presentation and a second document with all of the calculations and details. It 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).

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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

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.

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FeeBuilder

This service is intended for service providers and can communicate to both clients and prospects on a single page a snapshot of fee reasonableness. It includes benchmark group comparisons as wells FEEPOINT® adjustments and can be created on-demand in just minutes.

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