Recordkeeping Vendor Searches: More than Just Fees

Webinar recording

September 15, 2020

Recordkeepers are a critical partner in a successful retirement plan and monitoring their services and fees is one of the most important duties of a fiduciary. Periodic benchmarking can help keep a plan's fees in line with the marketplace but is not a replacement for a full vendor search process, especially in light of the recent findings in the Banner Health case.

A full, competitive vendor search can more closely align fees to the service levels required by the plan. Services and technology provided by recordkeepers are constantly evolving and expanding; a search may provide the plan access to better administrative services, more comprehensive participant education and communication resources, or the latest technology.

This webinar covers the benefits of running a vendor search, the timeline for running a search, best practices + much more!

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