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Services : Vendor Selection
The Multnomah Group has developed a proprietary vendor search process that matches the unique needs of our clients with the vendors in the marketplace. This process reviews vendors on 15 distinct areas of competence.
Our process includes:
- Interviews with the vendor selection committee to articulate the desired retirement plan structure
- Development of a Request for Information (RFI)
- Release of RFI to selected vendors
- Management of vendor inquiries
- Comprehensive report on the vendor proposals submitted, including reconciliation of current and projected fees
- Client meeting and recommendation of finalist group
- Interviews of finalist group
- Recommendation of vendor(s) for the management of the plan
Annually the selected vendor is evaluated against the cost and service commitments they made as part of the initial selection process. The depth of our experience and diligence past the point of vendor selection distinguishes our service levels and ultimately ensures the likelihood of a favorable outcome. |
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