Vendor Analysis & Benchmarking

 

We will periodically review and benchmark your current plan with other providers.

 

Retirement plan vendors have expanded and enhanced the capabilities of their systems, creating the need to evaluate whether the current provider is offering the latest generation of technological advances. TKG provides an organized, systematic and periodic review process where every relevant feature is examined to provide an optimal plan. TKG will review the features of your company’s plan from an unbiased perspective, focusing on potentially:

  • Increasing participation
  • Decreasing costs
  • Alleviating the burden on benefit personnel
  • Helping reduce Trustee and fiduciary liability
  • Providing innovative solutions to best suit your Company’s needs

Benchmarking and Plan Provider Analysis

TKG employs the 401(k) SearchPro Plan Provider Analysis and Benchmarking System, utilizing a comprehensive database and proprietary methodology that reflects decades of experience analyzing plan provider product and service offerings. SearchPro facilitates the evaluation of plan providers according to the following criteria:

  • Background/Organization
  • Systems and Technology
  • Investments
  • Customer Service
  • Communication & Education
  • Administration and Outsourcing
  • Implementation
  • Reporting
  • Legal and Compliance
  • Fees

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