Fiduciary Benchmarks Provides Fee Benchmarking for ExpertPlan

August 14, 2012 ( - Fiduciary Benchmarks (FBi) will provide 408(b)(2) summary disclosure documents and third-party benchmarking to ExpertPlan’s 16,000-plus clients.

By Rebecca Moore | August 14, 2012

Under the partnership, ExpertPlan will electronically deliver more than 200 plan-level key metric data points to Fiduciary Benchmarks regularly. In turn, FBi will furnish ExpertPlan with a benchmarking report, accessible 24/7 within the customized fee disclosure section of its recordkeeping system website for plan sponsors, third-party administrators (TPAs) and financial advisers.   

The report will include an outline of fees, services and a fiduciary status which the companies say goes beyond what is being required today by the Department of Labor (DOL) regulations under the Employee Retirement Income Security Act (ERISA), and specifically section 408(b)(2).  

“ExpertPlan has long embraced the concept of fee transparency through our proprietary recordkeeping platform. We will use the FBi service to assist plan fiduciaries and our valued network of financial adviser partners in focusing on the more significant metrics of successful plan operation and quality service,” said Ross Brown, senior vice president of Sales & Relationship Management at ExpertPlan.  

More about ExpertPlan is at More about Fiduciary Benchmarks is at