A current plan analysis can help you discover if BLUE HAWK Retirement could help you save money. In order to conduct a thorough analysis, the following pieces of information are needed:
- Current Investment Lineup and Balances
- Current 408(b)(2) Fee Disclosure Document (usually available online)
- Number of active and inactive participants in your plan
- Amount of billed fees – whether to your company, or to participants
- Estimate of annual audit costs (only applies to large plans of 100+ eligible participants)
With this information in hand we can complete a complimentary side-by-side analysis of the structure and fees in both plans. This information helps you make an informed decision on whether BHR makes sense for you.
Plan sponsors are required to periodically benchmark their existing plans against the market, to make sure your participants are getting the best deal possible. Completing a current plan analysis helps you fulfill this important fiduciary duty.
To get going on your analysis, begin by gathering the above information and then contact us. If you’re having trouble locating some or all of this information please get in touch, as we’re often able to help guide you.
Download our Guide to Current Plan Analysis for more information.
