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The most important decision a plan sponsor makes is finding the right retirement plan advisor. ERISA 401k and 403b plan sponsor fiduciaries are required to perform documented due diligence on all service providers paid through plan assets, including your RPA. Ensure that your advisor is qualified and is the right RPA for your organization and workforce while fulfilling required ERISA documented due diligence from a trusted and independent source.
Due Diligence services provided by rpaDD include:
RPA Assessor: Quick comparison of RPA fees and services using a third-party database with a documented report.
RPA RFI: Anonymous "request for information" sent to 3-5 qualified RPAs with detailed responses.
RPA RFP: Comprehensive "request for proposal" with complete pricing and service responses from 5-7 qualified RPAs facilitated by a TPSU professional.