Recordkeeping Vendor Searches: More than Just Fees

Multnomah Group

Recordkeepers are a critical partner in a successful retirement plan and monitoring their services and fees is one of the most important duties of a fiduciary. Periodic benchmarking can help keep a plan's fees in line with the marketplace but is not a replacement for a full vendor search process, especially in light of the recent findings in the Banner Health case.

A full, competitive vendor search can more closely align fees to the service levels required by the plan. Services and technology provided by recordkeepers are constantly evolving and expanding; a search may provide the plan access to better administrative services, more comprehensive participant education and communication resources, or the latest technology.

Join our webinar as we cover the benefits of running a vendor search, the timeline for running a search, best practices + much more!

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