Fiduciary Decisions’ Retirement Plan Services Are Revamped

Fiduciary Decisions has released a suite of enhanced product and service offerings for retirement plan recordkeepers, advisers and other plan service providers.

The products include: on-demand fee monitors for plans with less than $20 million in assets; plan lineup fee benchmarking; and an enhanced version of the company’s value and fee benchmarking report. Fiduciary Benchmarks Insights LLC also enhanced its plan profile prospecting report.

“Our team worked diligently to create new and enhanced services that our clients—across all market segments—have been requesting,” said Matt Golda, Fiduciary Decisions’ chief product officer, in a statement. “We concurrently built a new user experience and a new training and education module, which includes best practices.”

According to Fiduciary Decisions, the products are supported by a proprietary database of information from more than 375,000 plans.

“ERISA requirements for plan fiduciaries don’t vary by market segment; all plans have the same obligation to determine reasonableness,” said Tom Kmak, CEO and co-founder of Fiduciary Decisions, in the announcement. “We are empowering our clients to satisfy this requirement by choosing the appropriate report for a specific plan’s needs.”

The products are now available to Fiduciary Decisions’ clients.