401K Fee Cost Analysis

50% Average Client Cost Reduction

This service is for plans of $5 Million and higher;
Plus co-fiduciary status.

Case Studies

401K Plan For Anesthesiologist Practice

Details:
  • 400-person practice
  • 401K plan
  • $15,000,000 plan assets

 

Issue:
  • Client could not get a clear analysis of their total cost to the practice
  • Cost to employees was also not clear
  • The client wanted a co-fiduciary in place

 

Solution:

A complete analysis of investments and fiduciary obligations was completed 3(21) or 3(28)

 

Analysis:

All-in cost (funds, recapture, fiduciary communications, and advisory fees) could be reduced.

 

Savings
$1,500,000 per year

Retirement Program for A Trucking Company

Issue:
  • Client was looking for lower fees
  • Client wanted less risk of fiduciary responsibility

 

Solution:
  • Implement administrator, with a 0.65% "all-in" cost
  • The administrator would accept fiduciary obligations
  • Monitoring investment option performance and expenses
  • Employee education and communication improved

 

Savings
$90,000 per year
+ reduction of risk for Fiduciary Responsibility

How much leakage?

Our clients are surprised about the extent of the financial leakage and the improvements that we can make. Our clients normally see between 17 - 25% savings, which we can maintain year after year.

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