rpaDD: Retirement Plan Advisor Due Diligence Center

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How do you know if you have the right RPA at the right rate?

"We chose rpaDD because of their expertise and structured approach to the RFP process..."

"The hand-held, expert-led process that rpaDD provides is a no-brainer for any company serious about improving their 401(k) plan..."

"I would encourage any plan sponsor to go through this experience — don’t know what you’re missing until you see what’s out there..."

"The RFP process was truly eye-opening..."

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The most important decision a plan sponsor makes is finding the right retirement plan advisor.

ERISA 401k and 403b plan sponsor fiduciaries are required to perform documented due diligence on all service providers paid through plan assets including your RPA. Ensure that your advisor is qualified and is the right RPA for your organization and workforce while fulfilling required ERISA documented due diligence from a trusted and independent source.

Why conduct advisor due diligence?

• Increased litigation • Rising fiduciary insurance premiums • Advisor fees have dropped 50% in the last 10 years

Why not use my plan advisor?

Your retirement plan advisor (RPA) regularly conducts unbiased due diligence for plan investments and record keeping but because of conflicts of interest, they cannot conduct due diligence on themselves.

Why use TPSU?

The Plan Sponsor University (TPSU), which has educated over 10,000 plan sponsors through half day live training programs and online curriculum since 2013, is an independent trusted source not affiliated with any provider or advisory firm. The Retirement Advisor University (TRAU), our affiliate organization, has trained over 2,000 RPAs.

Client Spotlight

IAPMO

1. Challenges:
Before engaging with rpaDD, we had never conducted an RFP for our 401(k) advisor in over 15 years. As I stepped into the role of plan administrator, it became clear that we were missing opportunities for — especially with SECURE Act 2.0 changes on the horizon. We didn’t know what we didn’t know, and we needed guidance to ensure we were providing the best possible plan for our employees.

IAPMO

2. Decision:
We chose rpaDD because of their expertise and structured approach to the RFP process. The Catapult system made it incredibly easy to compare advisors, and rpaDD provided invaluable insights along the way. Their deep knowledge of fiduciary best practices and plan design made the process feel completely manageable and transparent.

IAPMO

3. Impact:
The RFP process was truly eye-opening. Seeing the stark contrast between advisor offerings made us realize how limited our previous advisor’s scope of services was. The benchmarking process helped us pinpoint areas where we could enhance participant education, improve fiduciary governance, and optimize plan performance. Ultimately, we selected SRP, who has proven to be an ideal fit — an extension of our HR team rather than just a service provider.

IAPMO

4. Would You Recommend? :
Absolutely! The hand-held, expert-led process that rpaDD provides is a no-brainer for any company serious about improving their 401(k) plan. Best of all, it can be paid out of plan assets, making it an easy investment in better governance and participant outcomes.

IAPMO

5. Additional Thoughts:
This process didn’t just help us choose a new advisor — it transformed how we approach our retirement plan. We now have an engaged, proactive advisor who is aligned with our company’s goals and employees’ best interests. I would encourage any plan sponsor to go through this experience — you don’t know what you’re missing until you see what’s out there.

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