6 Principles for reviewing your retirement fund costs:
You should understand the different services that carry fees across the value chain;
You should understand who the different service providers are to whom fees are paid;
You should compare different cost items on its own merit, but ensure that all cost items are transparently quoted (be careful of hidden costs);
When more than one service item is delivered by the same service provider be careful of cross subsidization;
Administration operations should not be charged on an asset based fee, as growth in assets which drives fee increases is not impacting the effort spent on the administrative tasks;
Always aggregate all fees and express as a cost per member per month to ensure that you review the fees in context.
Compare this to what you have in place, OR implement this facility for your employees' well being.
Click to calculate the total value chain costs per service provider.
Get a quotation...
Click complete and send back via e-mail to: