Products May 25, 2010
RidgeWorth Unveils Fee Benchmark Tool
May 25, 2010 (PLANSPONSOR.com) – RidgeWorth Investments has launched an interactive fee benchmarking tool for financial advisers who work with plan sponsors.
Reported by Fred Schneyer
A news release from the Atlanta-based company said the new tool, which utilizes proprietary data from Fiduciary Benchmarks, Inc., lets the adviser:
- Benchmark the clients’ or prospects’ total plan cost to the costs of other plans in their peer group;
- Compare various plan fees as well as participant success measures, so that fees are not measured in a vacuum without any context; and
- Upload the adviser’s own logo so that the adviser is seen as the expert.
“Advisers to retirement plans want to make sure the retirement plans that plan sponsors provide for their employees are the best they can be,” said Elizabeth Wilson, RidgeWorth’s National Sales Manager, in the news release, “Fee benchmarking can help make sure that plans are competitive on fees and give the plan sponsors the leverage they need to negotiate the best deals with their service providers.”
More information is at www.planadvisortools.com.