As a Member Firm of M Financial, we have access to a broad range of solutions and tools to help our clients benchmark and select administrators who best meet their plan’s needs, conduct investment analysis and performance monitoring, assist with plan administration, and address fiduciary obligations.
Plan Benchmarking | Advisor Benchmarking | Request for Proposals | Investment Analytics
Plan Benchmarking
Fiduciary Benchmarks (FBi) Reports
- FBi is a leading authority on fees, participant success measurs, support, and services for defined contribution plans
- FBi’s proprietary database is used to compare a client’s plan to plans of similar demographics in the areas of:
- Record-keeper fees
- Investment expenses
- Diversification of investment menu
- Plan complexity
- Participant success measures
- Advisor services offered
Advisor Benchmarking
FeeBenchmarker™ by Ann Schleck & Co., LLC
- Compares advisor and/or consultant fees to a database of industry norms for a selected plan size:
- Quartile rankings of advisors’ fees relative to services offered
- Advisor and/or consultative fee ranges for similar plans by business model
- Scope of service comparison, including fiduciary services
- Itemization of retainer and project-based fees
Investment Analytics
Fiduciary Investment Reporting Monitor (FiRM)
- FiRM tool provides periodic Investment Monitoring Reports that assists plan sponsors in their fiduciary obligation to regularly review plan investments
- Advisors and clients craft a customized Investment Policy Statement (IPS), which sets the criteria to monitor the plan’s current investments to be sure they are in line with the plan goals
- By establishing an IPS for the plan, the plan is following the Department of Labor’s (DOL) best practices
FI360
- Fund rating and evaluation tool available
- Uses statistical measures to compart against multiple funds
Morningstar
- Investment research and rating company
- Objective 3rd party evaluation of specific funds