EFA utilizes DALBAR’s “PLAN REPORT CARD” process to conduct an independent audit of the reasonableness of each service provider’s direct and indirect compensation, as well as the quality of its services, the reasonableness of the terms of its service agreement and its arrangements with other entities.  The Plan Report Card is designed to provide the plan sponsor with a thorough report analyzing the fees the plan is paying and the quality of the services its is receiving, with recommendations for modification, where appropriate, and an independent certification of the responsible fiduciary’s compliance with ERISA Section 408(b)(2).

For a more detailed discussion of this service, please click the “Fee Disclosure Expert” button under the “Plan Management & Fee Disclosure” Menu above.