Plan Excess Revenue Tool

Reducing Risk and Cutting Plan Excess

1 2 3 4 5
Low High

1 2 3 4 5
Low High

Advisor/Broker Recordkeeper Third Party Admin (TPA)
Direct Comp.
Indirect Comp.
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  • Continually stay updated on trends and attend fiduciary education events. The DOL likes to see that a plan sponsor is being proactive. By being an educated plan sponsor you can better monitor your plans excess revenue.
  • DOL recommends doing an RFP at least 3 years. By doing this you can make sure your plans fee and services are competitive and that your plan excess is not out of line.
  • Service providers sometimes offer fee and service upgrades voluntarily. Dont always settle for these offerings, there is likely additional excess.
  • Work with an independent expert. Make sure your consultant or advisor is fiduciary and has a specialty in working with plans similar to yours. This can eliminate conflicts of interest. Also make sure they are experienced in benchmarking, negotiating, and issuing RFPs for retirement plans. Often the best consultants and advisors can find upgrades with no recordkeeper change necessary.
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Disclaimer: Disclosure: This material is intended to provide general information only and nothing in it should be acted upon without consultation with a qualified professional. Receipt of this material does not create a client relationship between the recipient and X Growth Solutions, LLC. Information in this tool is not meant as specific advice or guidance for your retirement plan. X Growth Solutions, LLC are not fiduciaries in any capacity.

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