Streamlining Your RFP Process – An Intro to RFP Express

Have you found yourself spending days, even weeks putting together proposals for small plans? Watch this video and find out why those days are over. Sr. New Business Development Associate Luke Vandermillen demonstrates the newest in fee benchmarking technology, RFP Express. Using a comprehensive database of recordkeeper and TPA pricing, advisors can quickly find and compare potential service providers using this revolutionary new report. RFP Express is the easiest and most efficient way to identify the best vendors for a client’s 401k plan. Find out how RFP Express can change your proposal gathering process.

• Luke Vandermillen, Sr. New Business Development Associate

• One of the "3 Fs"
• Need objective processes
• Analyze all providers
• Competitors are leading with fee benchmarking
• Repeat the cycle

• You can't only look at the fees the plan is incurring, but also the services that are provided for those fees.
• Put together a prudent process - something that your firm can follow so you make sure that you can stay on top of what your plans are paying are paying their different service providers.
• Conduct regular benchmarking of fees, services, and investments.
• Be aware of opportunities to renegotiate costs.

• Provider Analysis: Most comprehensive and robust live bid quoting tool. Allows you to compare hundreds of data point and fully customize to your needs.
• PlanFees Prism & Prism365: Allows you with a limited number of data points, will give you a high level benchmark of what plans of similar sizes are paying in terms of record keeping, TPA, and advisory fees within minutes.
• RFP Express: The midway point between the two platforms. The accuracy of the provider analysis with the efficiency and ease of use of the PlanFees platform.