ClearSage Advisory Group - Benchmarking Report
Fee benchmarking is a low-cost method to begin the process of assessing the reasonableness of retirement plan fees. The ClearSage Prudent Benchmarking Report™ compares similar plans by participant counts and total through our proprietary process that combines publicly available data from 5500 filings along with our proprietary databases and methodologies. The result is a completely independent and objective report that within seconds provides meaningful and actionable information to plan fiduciaries.
First, the ClearSage Prudent Benchmarking Report™ uses regression analysis of all plans that filed Form 5500s (over 60,000 plans) and compares your plan to all of the plans that are most meaningfully similar to your plan unlike other benchmarking reports that are limited to only those plans on a particular recordkeepers’ platform or data input from a small number of advisors.
Second, unlike many other benchmarking reports, the ClearSage Prudent Benchmarking Report™ evaluates your Retirement Plan Services and Net Investment Fees separately and does not inappropriately compare the fees of actively managed investment options to passively managed investment options
And third, from a fiduciary perspective and in the Retirement Plan Services industry average is NOT always reasonable.
As a result, the ClearSage Prudent Benchmarking Report™ compares your fees to the reasonable market rate that is available to your plan for materially identical services.
If you are paying more than the reasonable market rate you may be paying unreasonable fees. Wouldn’t you want to know that now as opposed to finding out later?
See the benefits of a ClearSage Prudent Benchmarking Report™ today and avoid unhappy news tomorrow.
To request a sample report, please submit your email address here and a sample report will be emailed to you momentarily.