SCLC has extensive experience with numerous plan service vendors, and can help you differentiate sales claims from service realities.We’ll help you set realistic expectations for what each provider can and should offer. With our assistance, you can find a durable solution for your plan administration problems.

Our Provider Evaluation® service will identify and compare those trustee and recordkeeping service providers ideally suited to meet the specific requirements and objectives of your company’s plan.We will explain the advantages and disadvantages of bundled, unbundled and alliance service providers. Our comprehensive RFP process enables us to compare the fee structure for each type of provider. From the universe of available options, we will present you with a short list of vendors offering the services necessary to solve your plan administration puzzle.

Our Provider Evaluation® service provides you with a comprehensive comparison of the fees and expenses of your current program and possible alternatives. This includes implicit costs that may take the form of administrative expenses subsidized by investment management fees and poorly disclosed surrender charges.

Our analysis will provide you with a level playing field for evaluating fee structures and expense ratios based on varying assumptions and conventions. This information will help you make decisions that satisfy your fiduciary responsibilities to plan participants, while also controlling employer paid costs.

For more information about retirement plan fee structures, download (in PDF form) our article on Managing Your 401(k) Plan Fees.

For more information about selecting retirement plan providers, download (in PDF form) our article on Managing the 401(k) Vendor Selection Process.