We assist you with this through:
Alongside our services designed to assist plan sponsors with their fiduciary responsibilities, we create and share resources throughout the year to help you manage the challenges associated with your retirement plan benefit programs.
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FREE Benchmarking Analysis Our fee analysis provides a summary of both investment management and plan service fees, which typically include recordkeeping, administration, employee education, communication, and compliance services. Learn more + request an analysis. |
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Navigating Retirement Plan Transitions Transitioning your retirement plan from one recordkeeper to another can be a complex and significant undertaking. In this guide, we will walk you through how to navigate the challenges of such transitions while offering best practices to ensure a seamless experience for both plan sponsors and participants. Download the guide. |
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Identify, Manage, and Avoid Retirement Plan Vendor Conflicts Fiduciaries are required by ERISA to monitor the services providers to their plan. This includes monitoring any conflicts of interest. Our retirement plan vendor conflicts resources helps you identify, monitor, and avoid any conflicts with your plan's service providers + a worksheet to assist in asking the right questions about potential conflicts. Download the guide. |
A: Each year we provide a plan-specific fee benchmarking analysis to assist our clients in meeting the fee reasonableness standard. We use proprietary market pricing data to inform the fee range specified in our benchmarking report. Further, our analysis provides a summary of both investment management and plan service fees, which typically include recordkeeping, administration, employee education, communication, and compliance services.
Our goals in providing the annual fee benchmarking analysis to our clients include:
Our process for helping clients determine the reasonableness of fees promotes the likelihood of the best possible outcomes for plan participants.
Multnomah Group has developed a customized request for proposal process designed to match the specific needs of our clients with vendors in the marketplace. Our tenured team has worked at a number of recordkeepers, giving us an in-depth look into their organizations. Multnomah Group maintains a proprietary database on recordkeeper general capabilities that gives us an edge on understanding their inner-workings, areas where they excel, and potential shortfalls. Multnomah Group’s director of vendor services has conducted a wide array of search projects for retirement plans and will lead all search projects. Importantly, we are an independent firm and can assist the committee in reviewing the entire spectrum of vendors.
The process we have developed when conducting a full-scope vendor RFP evaluation is as follows:
Managing Principal
Principal and Director of Vendor Services
Consultant
Senior Consultant and Director of Technical Services
