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When appropriate or desired, PEI will conduct a full provider search. This service is most suitable for clients who:
- Require an impartial and objective analysis of their plan and the 401(k) or pension plan marketplace.
- Are dissatisfied with their current provider’s services or an aspect of service.
- Have grown in asset size and may require different or additional services
Our objective is to simplify the search process and to identify the vendor who best matches plan specific criteria, making fiduciary responsibilities far less overwhelming. We have detailed information about the services offered by all major benefit administration providers, which allows PEI to collect data quickly and cost effectively. In reporting, we provide a detailed analysis describing and contrasting service capabilities and fees. Our project goal is to help the plan sponsor to document fiduciary compliance, to improve all areas of plan performance and to minimize expenses.
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Reviewing and refining project objectives |
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Highlighting key decision points |
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Drafting Request for Proposal and Scope of Service documents |
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Providing insight about various service and investment arrangements available in the marketplace |
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Conducting fiduciary diligence on investment choices of each candidate |
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Calculating and comparing total administrative and investment expenses for each candidate |
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Covering current trends and best practices including comparison of plan options to peers |
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Selecting/negotiating specific fund array for finalist |
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