Benchmark What Matters.
Are you paying too much for your retirement plan? Do you even know how much you’re paying? Does your plan warrant a higher quality of service from your provider? Can the investments in your plan be improved? If these types of questions are weighing on your mind, we have the answer you’ve been waiting for: benchmarking.
Did You Know?
If you are a Fiduciary to your retirement plan, you are required to ensure that the retirement plan conforms with regulations. If you fail to do so, even by accident, you may be faced with steep penalties, adverse tax consequences, or even worse, jail time. However, it can all be avoided with proper preparation and support from skilled providers.
A comprehensive analysis of your plan’s components.
Our analysis starts with a look at your plan’s goals. We then use those goals to develop a roadmap that illuminates the insights we need to improve the plan and identify any areas that may need a little extra attention. Our analysis evaluates the following plan components:
- Technology Services
- Employee Communications
- Investment Management
- Total Plan Costs
At Capstone, our plan benchmarking services empower plan sponsors to meet their fiduciary responsibilities established by the Employee Retirement Income Security Act (ERISA) with one of the most comprehensive offerings in the marketplace. First, our process aims to uncover any weaknesses in your current provider before leveraging this data to find the most appropriate provider for your organization — even if the best solution is to simply renegotiate what you already have. The results of our analysis? Hundreds of data points that arm fiduciaries with a better grasp of the process and instill confidence in the ultimate selection made. The information we deliver includes meaningful fee, service, and investment benchmarks that are instrumental in determining whether changing providers is the right move.
Key features of the Capstone benchmarking process:
- One of the only benchmarking reports in the marketplace that analyzes fees + service + investments
- Compares up to six providers side by side
- Through a member network (RPAG) we utilize a proprietary data base of over 60 Tier 1 providers
- Delivers a comprehensive report for your fiduciary file
- Provides competitive cost analysis data
- Includes an in-depth revenue sharing analysis
With an established baseline in place, we’ll be ready to bring your plan to market and start soliciting bids.
Our Plan Benchmarking and Vendor Searches assist plan sponsors with meeting their fiduciary obligations to help them stay one step ahead in a competitive market.