If you’re responsible for your company’s 401(k) plan, you know that it’s difficult to objectively assess the performance of your plan. Is your plan performance what it should be in today’s market, and is your advisor doing what they should be doing? As it turns out, ERISA Plan Advisors differ considerably in their capabilities, cost structures, and service models. Benchmarking enables you to evaluate your advisor’s performance, fee, and service model, and know how they stack up against potential alternative advisors.
Fulfilling your fiduciary duty to your retirement plan necessitates a thorough understanding of your plan advisor’s fee and service model. It’s also essential to know how they stack up against potential alternative advisors. At 90 North Consulting, we are NOT retirement plan advisors. Instead, we offer an independent and objective analysis to help you select the ERISA plan advisor that fits your specific needs.
We make the entire process easy, with minimal time commitment from you. Once the analysis is complete, you get reporting that you can present to the C-Suite that makes you look like an Elite HR professional.
Have questions feel free to give us a call:
“As the qualified plan industry evolves and legislative/regulatory requirements ramp up … plan sponsors have never been in more need of help or more liable as fiduciaries than right now. This service to plan sponsors is timely, appropriate & more necessary than ever.”
“Plan sponsor committee members are tasked by ERISA and other regulatory bodies with complex fiduciary and governance requirements. These requirements are very much subject to interpretation. The maze of “reasonableness,” in evaluating fees vs service is complex and confusing. RFP 401k Advisors provides a service that helps to understand these requirements and how to implement a prudent process for choosing an ERISA Advisor.”
"Working with Eric gave us confidence knowing that we would select the advisor best suited to our plan and participants. The process was very thorough, well documented, and we were involved in every step."