LIVE QUOTE FEE COMPARISON/BENCHMARKING

Horizons Financial Group, Inc. is a member of Retirement Plan Advisory Group (RPAG), a national alliance of accomplished advisors whose intelligence and ingenuity produce enhanced value for sponsors and participants in qualified and non-qualified plans. Our acclaimed technology platform outranks the industry in full-view metrics, safety-net compliance and clarity in communication. Today, RPAG is represented by over 370 member firms in 45 states, serving 18,000 sponsors with over $86 billion in collective assets under advisement.

As a member of RPAG, Horizons Financial Group, Inc. (HFG) has access to dedicated Provider Search/Live Quote Fee Comparison/Benchmarking resources for investment management, recordkeeping services and fee comparisons. This helps plan sponsors meet important fiduciary requirements while ensuring a best practices retirement plan.

Dedicated Focus

RPAG maintains a RFP/Benchmarking Department committed solely to performing provider searches for investment management, recordkeeping services and fee comparisons. By leveraging RPAG’s and HFG’s  intellectual capital and robust consulting tools,  HFG can lead plan sponsors through the benchmarking process- from the initial proposal requests to the final analysis, and even conversion management assistance.

The source of data utilized to benchmark plan cost, services and investments is proprietary-developed and maintained in-house by full-time provider research analysts. Ultimately, the final report output documents whether current fees, services and investments are competitive with the marketplace, while helping plan fiduciaries meet their responsibilities as set forth by ERISA.

Key Attributes

On a semi-annual basis, the RFP/Benchmarking team collects updates from 60+ providers to ensure current data is maintained in its proprietary e401k Proposal™ database.

The final report output includes 400+ data points in key areas including Recordkeeping, Investment Management, Compliance Services, Employee Education and Technology.  A Total Cost Analysis shows bottom-line dollar amounts of incumbent and bidding vendors, and includes revenue sharing analysis for full fee transparency.

RPAG routinely meets with service providers to stay abreast of product enhancements and conduct site visits to ensure ongoing qualitative due diligence.

HFG’s Provider Search/Fee Benchmarking services can be applied to 401(k), 403(b), 401(a), 457, Non-Qualified and Defined Benefit plans ranging from $1,000,000 to $1,000,000,000+.