Value and Fee Benchmarking – Presentation Style!

Benefit from the same method that ensures that Quality, Service, Value and Extra Credit are a part of every fee conversation with FDI’s Value and Fee Benchmark with FEEPOINT® calculation Presentation Style Report.

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Data Matters

All data is current, accurate and consistent with 408(b) disclosures because it comes directly from the people who know the plan best – its Service Providers.

Patented Method

FDI patent #8510198 covers the 5 step process below that is fair, repeatable and an important part of a Fiduciary’s obligation to follow a prudent process for determining fee reasonableness.

1: Custom Benchmark Groups by Service Provider

Groups are built so that:

  • Factors that drive service provider cost are considered
  • All datapoints are statistically meaningful with outliers removed
  • Diversification across service providers, business models and market segments
2: Framework to Consider Quality

Frameworks include:

  • Characteristics of the Service Provider
  • Services/Processes that make a plan relationship successful
  • People/Technology/Resources that support the plan
3: Assess Scope of Services

Scope evaluated to:

  • Identify core services being provided to the plan
  • Analyze services that drive plan costs based on volume and degree of difficulty
4: Examine Value Delivered

Value received by:

  • Plan Sponsors
    • Service Quality
    • Plan Design Assistance
    • Utilizing Best Practices
  • Participants
    • Retirement Outcomes
5: Allow for Extra Credit

Extra Credit calculated by:

  • Starting with a base Service Provider fee for a standard level of service
  • Adjusting for incremental fiduciary status and/or extra work/meetings

Report Format

Presentation Style Value and Fee Benchmark with FEEPOINT® calculation Report

2 pages per service provider – “what you get” and “what you pay” covering a summary of the 5 components of benchmarking. The details and calculations are delivered in a separate PDF

  • Executive summary format
  • Excellent for client and prospect plan reviews
  • Average of 10 pages
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Want to learn more? Schedule a demo to see how the Value and Fee Benchmarking – Presentation Style report can help you communicate your value and reasonableness.