BIG, Inc. is an independent fee-based administrative consulting firm supporting the financial advisor community. We do not provide investment services or accept commissions.
Conduct a plan feasibility study based on specific goals set
by the client
Review and Preparation of the plan documents and summary plan
description
Fiduciary Risk Management
Fiduciary Audit File
Risk Management through prudent processes, procedures &
documentation
Annual review of plan design and modifications as necessary
Investment Policy Statement, documentation and adherence.
Properly establish a
Plan Management Committee including bylaws
Develop and implement formal education plan
Semi-annual fiduciary review and analysis
Evaluate the quality of
your current investment platform
Calculate plan level
expenses and vendor revenue
Calculate investment
performance and associated risk
Ongoing investment in technology
Fiduciary tools and support
State-of-the-art reporting
RFP Services:
Help the client define
the RFP process (initial needs analysis and questionnaire)
Educate the Client
about all available options
Drafting the RFP
document for client review and then changes as needed
Conducting the Initial
Provider Evaluations
Solicits information
from 401(k) providers on behalf of the client
Assembles and analyzes
the data and presents/explains the results to the Client
(Executive Summary)
Prepare a Total Cost
Analysis
Compares costs and
checks references where appropriate
Compares proposed
services provided by each vendor
Recommend three
providers who are the best fit for the client
Onsite interview of the
three finalists with the client
Final recommendation of
the best fit provider
Reviews contracts and
other documents in conjunction with client
BIG, Inc. is an independent fee-based administrative consulting firm supporting the financial advisor community. We do not provide investment services or accept commissions.