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.
Other services provided by the consulting company include investment due diligence analysis and employee education/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,” said Lou Knox, one of the firm’s partners.
More information is available at www.focusretirementplans.com.