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Exclusive Use of Advisor Benchmarking vs. Periodic Use of RFPs
Fred Barstein for National Association of Plan Advisors [NAPA]
[Opinion] Feb. 2, 2016
"[T]hrough an RFP, plan sponsors not only get a chance to speak with other advisors and get their perspectives on how they can help companies manage their retirement plan, the RFP engages the plan sponsor in the process -- beginning with what is important to them when selecting or using a plan advisor. Engagement in their retirement plan by plan sponsors is key to a successful plan, and selecting the right plan advisor is arguably the most important decision they will make."
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