- Retirement Plan Consulting
- Business
- Provider Benchmarking
B3 Provider Analysis™: Live Bid Benchmarking
B3 Provider Analysis™ is a live-bid benchmarking system. Clients are able to compare the cost and quality of current providers against the capabilities of other bidders.
The comparisons are based on live provider retirement fee proposal (“RFP”) responses and take into account the plan’s complexity, parameters, investment lineup considerations and service requirements. The analysis compares 400+ data points in key areas, including record keeping, investment management, compliance services, employee education, and technology.
Prism™ Fee Benchmarking Report: Periodic Fee Benchmarking Against National Average
The DOL recommends taking retirement plans out to market every three to five years. Our B3 Provider Analysis™ system has that covered. Our Prism™ Fee Benchmarking Report is a quick and simple, fee-only benchmarking report compares your plan’s fees against 105,000 other plans.
By using a combination of B3 Provider Analysis™ and Prism™ reports over multiple years, you’re following a best practice in meeting fiduciary responsibilities under ERISA — which means your company and your employees will be positioned for success.
B3 Provider Analysis™ and Prism™ technology is not proprietary to IMA Retirement This technology is offered through the RPAG platform. RPAG and IMA Retirement are separate, non-affiliated companies. IMA Retirement pays RPAG for use of their platform and resources.
SOPHISTICATED SOLUTIONS, WITHOUT THE FUSS.
The IMA Retirement team is here for you. Our business is built on empathy and experience.