Providing Fee Clarity
Retirement plan sponsors have an extensive list of duties required by federal law. Monitoring the fees and expenses of your retirement plan is one of these fiduciary responsibilities. As consolidation becomes more prevalent in the industry, scale is taking on greater importance. Are you receiving the appropriate level of service for the fees you are paying?
Benchmarking Reasonable Fees
Evaluating your total retirement program, including the services and costs associated with recordkeepers, third-party administrators, investment advisers, and investment managers, can help ensure your plan is reasonably priced with appropriate investments and providers so your participants receive the right balance of service.
Connect with a SpecialistOur Process
Our team periodically reviews and evaluates the total cost of your retirement plan program, including:
- Current fees and expenses of all current service providers
- Benchmarking of service provider fees
- Benchmarking of investment option expenses
- Comparison of the total plan expense to industry averages for plans of similar size and demographics
Benefits for Plan Sponsors
By working with CBIZ to evaluate provider fees and expenses, plan sponsors can reduce fiduciary risk, adhere to best practices, maintain reasonable plan costs, and offer a competitive retirement plan.
Related Services
Check out these additional CBIZ services to elevate your overall benefits strategy.
Featured Insights
View All Insights
Get Started
Ready to learn how CBIZ can help your organization? Connect with a specialist to get started.