Vendor Management and Monitoring
Available from Strategic Benefits Advisors
SBA's principals have successfully managed large DB, DC and health & welfare outsourcing operations. We understand the pitfalls and the areas that must be monitored and controlled. We perform a thorough analysis, pinpoint issues, develop and implement action plans, and work with your provider to keep your outsourced operation on track.
In addition, we are in the unique position to advise plan sponsors as to whether proposed vendor change orders are reasonable. If change order fees are not reasonable, we are able to develop an analysis showing the range where the fees should fall. In many cases, we are able to negotiate the fees to a reasonable and acceptable level, if not away entirely. Over the course of our practice, we have saved plan sponsors untold dollars in unnecessary change order fees.