Fee Comparison and Analysis Evaluation - Raffa Retirement
The Importance of Fee Analysis
The Department of Labor has set a high standard for plan sponsors regarding the reasonableness of fees associated with qualified retirement plans. It is crucial that plan fiduciaries determine if the costs associated with employer sponsored retirement plans are reasonable. A truly unbiased and high quality peer group comparison is the most efficient and comprehensive approach for this responsibility. This type of evaluation will clarify the value received by you with respect to your retirement plan. Raffa Retirement Services has partnered with the Center for Fiduciary Management and Fiduciary Benchmarks, Inc. to create a procedure and output that makes this process seamless and scalable for you.
Raffa Retirement Services Fee and Analysis Evaluation
The Raffa Retirement Services Fee Comparison and Analysis Evaluation, powered by peer group data from Fiduciary Benchmarks, will allow you to quickly and simply compare plan fees along with value and design complexity against an appropriate peer group. The report is compiled in a format that you can quickly read and understand, and is integrated within the Raffa Retirement Services toolset. This allows Raffa Retirement Services to leverage your plan data already entered into the system, and drive efficiency and automation in your business.
How it Works
The Fee Comparison and Analysis Evaluation uses your existing plan data within the Raffa Retirement Fiduciary Monitoring System, combined with additional relevant statistics, to create a comprehensive fee analysis report that includes analysis on:
- Investment management fees.
- Record keeping fees.
- Advisor/Consultant fees.
- Total plan fees.
- Plan benefits and features.
This comprehensive evaluation tool is another example of Raffa Retirement Services’ commitment to helping you receive a premier analysis and reporting solution that allows you to remain ahead of the curve in today’s complex retirement plan regulatory environment.
- A streamlined and automated approach to fee and expense analysis.
- Peer group data provided by Fiduciary Benchmarks, Inc.
- Comprehensive analysis to help understand a plan’s fees that provides a record to verify due diligence.
- Easy to read format.
- Clear understanding of plan value compared with pertinent peer groups.
How to Get Started
To learn more, please contact Raffa Retirement Services at 240-403-2540, or e-mail us at firstname.lastname@example.org.