Vendor Searches
One of the distinct advantages of LHD Retirement is our status as an independent firm. We are in no way affiliated with any recordkeeper or service provider. Instead, we use our years of experience in the industry and our first-hand knowledge of several recordkeepers to pair plan demographical data with the vendor that provides the best fit of services and fees.
Each year, LHD solicits an RFI (Request for Information) from over 20 different service providers and asks them to provide information on their products, services, technology, data security practices, and participant educational and interaction tools. We compile this information into our database to use when benchmarking plan services for our current and prospective clients. It is this depth and breadth of industry knowledge that allows us to bring a high degree of value to our clients.
In addition to service provider benchmarking, we also partner with Fiduciary Benchmarks to provide unbiased, third party benchmarks for recordkeeper, TPA, and advisor fees and services (yes, we even benchmark ourselves!) to plans of the same size and demographic type as yours.
How do your current service providers stack up to others in relation to current services, fees, and value added items? If you haven’t had a benchmarking study in the past 2-3 years, you need to have LHD Retirement perform this service for you. We happily do this for our current clients and will also provide benchmarking studies for prospective clients for a fee. Give us a call today to learn more.