While it is easier for retirement professionals to understand these new fee disclosures, we find that many plan sponsors still need assistance putting their plan into context
Alameda, CA (PRWEB) August 23, 2012
Retirement Desk, an independent consulting firm in the San Francisco Bay Area that specializes in retirement plans and fiduciary reviews, is continuing to offer its independent fee benchmarking services for free. This service provides assistance for many plan sponsors in understanding the new fee disclosures. Retirement Desk initially intended to phase out this free service on July 1 when ERISA 408(b)(2) came into effect, but the company realized the need to continue providing this service to help clarify any confusion regarding the new disclosures.
"While it is easier for retirement professionals to understand these new fee disclosures, we find that many plan sponsors still need assistance putting their plan into context," Jason Woon of Retirement Desk said.
This free service helps advisers and company plan sponsors determine if their retirement plan fee is competitive by comparing it to other similar plans across the country. Designed for the small- and mid-sized marketplace, users can either enter the collected data themselves or have Retirement Desk read through the statements to determine the true costs of the plans.
"The service is available at our company's website and remains free of charge to advisers who register to the site when they submit their plan information," Woon said.
For more information about the independent fee benchmarking services or any of Retirement Desk’s services, call 510-457-1925 or view the 401(k) plans expert on the Web at http://www.retirementdesk.com.
About Retirement Desk
Retirement Desk was founded by retirement industry veterans in 2010. With an insider view of retirement plan providers and the understanding of the needs of registered investment advisers, Retirement Desk set out to create a set of turnkey solutions that truly meet the needs of both advisers and plan sponsors. The results are independently crafted packages that would serve small- and mid-sized companies with no hidden fees or conflicts of interest. Retirement Desk is capable for providing independent consulting on 401(k) plans and retirement plans, as well as perform fiduciary reviews and benchmarks. The company works 100 percent with advisers.