Retainer Services
Clients can work with QP Consulting in one of two ways. The bulk of our business is performed as ongoing retainer business. Through an ongoing relationship with a client, we can not only serve in either an ERISA 3 (21) or 3 (38) capacity, but we can also provide the necessary services to properly assist plan participants in understanding and effectively using the plan. These services include (*some depend on recordkeeping platform capabilities):
- Quarterly Fiduciary Reports
- Investment Monitoring
- Investment Policy Statement Drafting & Revisions
- On-site Education Meetings
- Quarterly Archived Fiduciary Web Seminars*
- Bi-annual Archived Participant Web Seminars
- Annual Fee Benchmarking
- Qualified Default Investment Alternative Benchmarking
- Participant Gap Analysis Reports
- On-site Fiduciary Review Meetings
- Vendor Negotiations
- Model Portfolio Creation & Updating*
For clients with over ten million dollars in assets, we charge a fixed fee that is billed quarterly in arrears. For clients with fewer then ten million dollars in assets, we base our fee on a percentage of the plans assets. This fee is billed quarterly in arrears and can be either invoiced to the plan sponsor or swept from plan assets (depending on recordkeeping platform capabilities).