Fiduciary Benchmarking

The Department of Labor has set a high standard for plan sponsors regarding the reasonableness of fees associated with qualified retirement plans. It is crucial that, as plan fiduciaries, you determine if the costs associated with corporate sponsored retirement plans are reasonable. A truly unbiased and high quality peer group comparison is one of the most efficient and comprehensive approach for this responsibility. From this type of evaluation, a retirement plan advisor would clarify the value received by a plan sponsor with respect to their retirement plan. Romero & Levin utilizes tools provided by LPL financial in partnership with Fiduciary Benchmarks Inc. to create a procedure and output that makes this process seamless and scalable for all of our retirement plan clients.

LPL Financial’s Fee & Analysis Evaluation

The LPL Financial & Analysis Evaluation, powered by peer group data from Fiduciary Benchmarks, allows your advisor to quickly and simply compare plan fees along with value and design complexity against an appropriate peer group; in a format that plan sponsors can quickly read and understand.  This four page report is integrated within the LPL Fiduciary Monitoring Toolset, allowing an advisor to leverage plan data already entered into the system and drive efficiency and automation..

 

How it Works

The Fee Comparison & Analysis Evaluation uses your existing plan data within the Fiduciary Monitoring System, combined with additional relevant statistics to create a comprehensive fee analysis report that includes an analysis on:

  • Investment management fees
  • Recordkeeping fees
  • Advisor/Consultant fees
  • Total plan fees
  • Plan benefits & features

This comprehensive evaluation tool is yet another example of Romero & Levin’s commitment to helping sponsors access a premier analysis and reporting solution that allows them to remain ahead of the curve in today’s complex retirement plan regulatory environment.

No information provided on this site is intended to constitute an offer to sell or a solicitation of an offer to buy shares of any security, nor shall any security be offered or sold to any person, in any jurisdiction in which such offer, solicitation, purchase or sale would be unlawful under securities laws of such jurisdiction. Registered Representatives of LPL Financial disclosed on this site may only discuss securities or transact business with persons who are residents of the following states: AZ, CA, CO, HI, IL, IN, MN, MS, NC, NY, OH, SC, TX, & WA

Daniel Romero, Melissa Levin and Greg Levin are Registered Representatives with and offer Securities, financial planning & fee based asset management through LPL Financial LLC a Registered Investment Advisor and Member FINRA/SIPC. Daniel’s CA Insurance Lic #:OC54180 - Melissa’s CA Insurance Lic #:0C56086 - Greg’s CA Insurance Lic #:0F08519

Certified Financial Planner Board of Standards Inc. owns the certification marks CFP®, CERTIFIED FINANCIAL PLANNER™ Practitioner, which it awards to individuals who successfully complete initial and ongoing certification requirements.