How to Evaluate a Plan Provider: Four Common Reasons Sponsors Leave Plan Providers
Help clients understand the costs associated with their retirement plans, ensuring they choose the best provider for their business.
- Transparent Fees and Modern Technology: Ensure the provider discloses all fees upfront and uses up-to-date systems for efficient plan management and data security.
- Customer Service: Choose a provider with a knowledgeable and readily available service team to avoid inaccuracies and missed deadlines.
- Flexible Plan Design: Select a provider that offers customizable plans to meet the unique goals of your clients' businesses and employees.
How to evaluate a plan provider: four common reasons sponsors leave plan providers
Knowing why plan sponsors leave their retirement plan providers can offer insights into what characteristics to look for in your new provider relationship. In part one of our series, we cover four common reasons businesses change providers, which can help you identify potential weaknesses and risks to think about when exploring your options.
If you’re looking for more information on this topic, our Advisor Central has all the resources you need to help clients figure out which plan and provider will be the best fit for them, including resources on helping clients Evaluate Plan Providers. Click either link to learn more.