case study

The goal of the assessment is to highlight key drivers of recordkeeping fees. Plan characteristics can lead to vastly different fees and structures for plans with similar baseline demographics, such as the same asset level and number of participants. Beyond a plan’s core demographic profile, fees may be driven by the degree of customization a plan elects or requires. Customization may offer additional value to participants but may come at an additional cost which may or may not be justified by a higher fee. Auxiliary revenue sources to vendors such as the level of proprietary investments in plan design may also influence fees.