rpaDD: Retirement Plan Advisor Due Diligence Center

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.

What retirement plan advisor due diligence services are available?

Benchmark

$995
  • Quick comparison of RPA fees and services using a 3rd party database with documented report

Request for Information

$2,500
  • Anonymous “request for information” sent to 3–5 qualified RPAs with detailed responses

Request for Proposal

$15,000 - $17,000
  • Comprehensive “request for proposal” with complete pricing and service responses from 5–7 qualified RPAs facilitated by a TPSU professional

RPA Due Diligence - Request for Report

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