401k Plan Benchmarking
Looking for a new 401(k) provider can be time consuming, cumbersome, and downright frustrating. Quantum Capital Investments shoulders the responsibility of a process-driven plan provider Requests for Proposal (RFP), including collecting the quotes, spreadsheeting the data, and ultimately, recommending the most appropriate provider. Through the process, corporate officers meet their fiduciary duty to monitor plan fees and make important plan provider decisions, while ensuring the best possible plan at the most competitive cost for participants.
Department of Labor regulations under ERISA, and specifically section 408(b)(2), require that plan sponsors obtain fee disclosures for their plan and that all such fees be “reasonable” for the services provided. Quantum Capital Investments was launched to support plan sponsors, advisor/consultants, record-keepers and other plan service providers in addressing this obligation. Quantum Capital Investments can help you document a thorough and objective process and reach well-informed decisions.
401k Plan Benchmarking Core Components
- Recordkeeping
- Total Plan Costs
- Technology Services
- Employee Communications
- Compliance
- Provider Compatibility
401k Plan Benchmarketing Highlights
- Executive Summary
- Side-by-side Comparison of Vendors
- Total Cost Analysis
- Investment Platform Ranking