Increased regulation in the employer-sponsored retirement plan industry has made benchmarking retirement plan services and fees against industry norms and practices the standard. And soon they will use the same process for finding financial advisors, according to CAPTRUST Financial Advisors.
For many years, plan sponsors have used a formal request for proposal process to identify prospective recordkeepers, third-party administrators and investment managers or to benchmark and validate incumbent providers.
Now they are turning to the RFP process when hiring retirement plan advisors or benchmarking an existing advisor's services and fees.
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
