Services : Fee Audit and Commission Recapture

The payment of any fees from trust assets is a fiduciary decision and as such plan sponsors are obligated to assess continually the reasonableness of the fees their plan and its participants incur. Retirement plan vendors have made the identification and disclosure of costs difficult to reconcile with elements available in prospectuses, insurance contracts, and service agreements.

Beyond the measurement of comprehensive cost, plan sponsors must then determine which vendors receive compensation both disclosed and soft-dollar.

The Multnomah Group annually benchmarks client fees (explicit and implicit) and compare them to like clients in the region to assess "reasonableness."

Fee audits include cost reviews of:

• Administration
• Trust and custody
• Recordkeeping
• Employee communication
• Investment management
• Investment consulting

100% of Multnomah Group revenues come from cash payments from our clients. By not accepting soft dollar payments from mutual fund, insurance, and trust companies our clients are assured the advice we provide is without bias.

The Multnomah Group also provides commission recapture programs for our clients. These programs allow plan sponsors to capture the soft-dollars being generated by their retirement plan and employ them for the benefit of the plan, its participants, and beneficiaries.