Fee Monitoring and Management
We benchmark your fees against other providers and compare to other companies in your industry to ensure that your plan fees are the lowest they can be and in line with industry standards.
With us as your partner, you can choose from a virtually unlimited universe of providers—free from proprietary vendor or product pressures. We will help you select the provider that most appropriately fits the specific needs of your company and your participants.
How Retirement Plan Fees Work
Fees are a drag on performance and although unavoidable, they can be minimized. Infinitas will work with your provider to design and customize an investment line up that consists of the best investments for you at the lowest cost available.
Other Possible Fees to Avoid:
Plan Audit Fees = $8,000 – $12,000 per year (typical) We will work with you if your employee count is just over the eligible participants level requiring an annual audit, let us take a look. You may be able to potentially avoid this.
Employee Education Fees charged by providers = $10,000 – $20,000 per year (typical) Many providers build this cost in their record keeping. It’s important to understand what services you are paying for. You may find that your plan advisor is already offering this service.
*This is a hypothetical example intended for illustrative and informational purposes only. This does not reflect the actual experience of any client. Results will vary and are subject to change. There is no guarantee that any savings will be realized.