Fee Benchmarking

Fee Benchmarking

One of the most critical, and often litigated, fiduciary duties is to ensure that the plan costs are all reasonable. Many advisors will do this for just the investment options.

However, Three Bell takes it four steps further and not only evaluates and benchmarks fund fees, but also the fees associated with the platform (“recordkeeper”), your third party administrator (if applicable), your auditor, and ourselves as your plan advisor.

Consistent with your fiduciary obligation, we do this annually in a comprehensive fee benchmarking report, review it with the plan committee, and implement any necessary adjustments and recommendations to keep your plan compliant.