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Clear Financial Strategies
Independent · Fee-Only · Fiduciary
Fee benchmarking

Know what your plan costs, and why

ERISA expects plan fiduciaries to make sure the fees the plan pays are reasonable for the services received. Reasonable does not mean lowest. It means you looked, compared and wrote down your reasoning.

What we review

Every layer of cost

  • Investment expenses
  • Recordkeeping and administration fees
  • Advisor compensation
  • Any revenue sharing between providers
How it works

Four steps

  1. You send your service agreements and fee disclosures.
  2. We compare the total cost with plans of similar size and features.
  3. We present the findings to your committee in writing.
  4. We help you document the decision, whatever it is.
Why it matters

The disclosure only helps if someone reads it

Providers to your plan are required to disclose their compensation to you. The disclosure only helps if someone reads it and compares it.

Educational only. Not legal advice. Consult your ERISA counsel.

Ready to talk?

A no-obligation conversation about your plan. We will listen first.

Get the ERISA Employer Report CardRequest a plan review