The company’s core service is the Vendor Fiduciary Review, an independent side-by-side evaluation of the incumbent provider versus four other retirement vendors, comparing fees, investments and more than 250 data points in areas such as technology, recordkeeping, compliance, and employee education , according to the announcement .The Vendor Fiduciary Review can be used for periodic benchmarking and/or identifying new potential plan providers.
O ther services provided by the consulting company include investment due diligence analysis and employee educ ation/communications programs. The firm also provides a review and ranking of funds in all asset classes.
” The Scorecard we use emphasizes quantitative analysis and allows the fiduciary to evaluate investments in a more comprehensive manner through a single score. Based on the fund’s score, the user can, if warranted, drill down further for additional details,” sa id Lou Knox, one of the firm’s partners , in the announcement .
More information is at www.focusretirementplans.com .
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