FDI’s Value and Fee Benchmark with FEEPOINT® calculation Report ensures that Quality, Service, Value and Extra Credit are a part of every fee conversation between Service Providers and their Plan Sponsors.
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Data Matters
All data is current, accurate and consistent with 408(b) disclosures because it comes directly from the people who know the plan best – its Service Providers.
Patented Method
FDI patent #123456 covers a 5 step process that is fair, repeatable and an important part of a Fiduciary’s obligation to follow a prudent process for determining fee reasonableness.
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1: Custom Benchmark Groups by Service Provider
Groups are built so that:
- Factors that drive service provider cost are considered
- They are statistically meaningful with outliers removed
- Diversification by service provider, business model and market segment representation are achieved
2: Framework to Consider Quality
- Characteristics of the Service Provider
- Services/Processes that make protect and make a plan successful
- People/Technology/Resources that support the plan
3: Assess Scope of Services
- Identify core services being provided to the plan
- Analyze services that drive plan costs based on volume and degree of difficulty
4: Examine Value Delivered
- To Plan Sponsors:
- Service quality, plan design assistance and utilizing best practices
- To Participants:
- Retirement Outcomes
5: Allow for Extra Credit
- Start with a base Service Provider fee for a standard level of service
- Adjust for incremental fiduciary status and/or extra work/meetings
Report Formats
Choose a report format that will work best for you and your plan sponsors.
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Full Value and Fee Benchmark with FEEPOINT® calculation Report
5 pages per service provider covering Custom Benchmark Group, Quality, Service, Value and Fees with extra credit (FEEPOINT®).
Learn MorePresentation Style Value and Fee Benchmark with FEEPOINT® calculation Report
2 pages per service provider – what you get and what you pay covering a summary of the 5 components of benchmarking. The details and calculations are delivered in a separate PDF.
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