Request For Proposal
> Charlie has put his expertise to use in helping Wolf Schloesser create the succession plan for his industrial vacuum company, Ruwac, and in creating both a 401(k) and another company-sponsored retirement plan for Ruwac staff.
Request For Proposal
When considering a provider change, most plan sponsors have a similar destination; to identify the provider that has the highest likelihood of providing excellent services to both sponsor and participants. The difficulty most plan sponsors face is identifying which providers should be considered and then consistently comparing services and pricing. We understand these challenges. We provide complete RFP management for our clients, which include:
• Selecting vendors whose clients match your profile.
• Comparing proposals based on 350 different components.
• Comparing pricing based on both administrative costs to sponsor and/or participants as well as investment expense.
• Managing the conversion process if a new vendor is selected.
The Results
By using a defined process (an ERISA requirement) and an independent advisor (a DOL suggestion), plan sponsors can feel confident they have considered the necessary information and have made a sound decision with guidance that is unbiased and without conflicts of interest.
