RPAG Unveils Newest Version of e401k Proposal RFP Software
ALISO VIEJO, CA, June 22, 2010 -- Retirement Plan Advisory Group, (RPAG) the largest, independent alliance of retirement plan advisors, unveils the next generation of its proprietary benchmarking solution, e401k Proposal™, built to cut completion time on Requests for Proposal (RFPs) from several days to a few hours, and widen the lens on fiduciary optics as sponsors strive to meet heightened fiduciary requirements.
After thousands of hours of technology development and programming, RPAG analysts marshaled the experience gained from 400 RFPs in 24 months to fully automate and streamline the entire RFP process -- from first click to finished report.
A dynamic filtering system culls criteria on 60+ service providers, which enables the advisor to rapidly and thoroughly select which vendors to include in the RFP, based on his client's plan demographics. Vendors easily complete the bid requests online within the e401k Proposal™ system with data integrated directly into the report. Advisors then click one button, and the system calculates total plan costs including investment management fees, revenue sharing, 12b-1 fees, asset charges, administrative and participant fees, and any miscellaneous charges. During beta tests vendors and advisors alike were favorably impressed with speed and efficiency of the process.
The final sponsor output, a 60-page, presentation-ready report called B3 Analysis (for triple benchmarking of fees, services and investments opportunities), showcases pertinent charts and graphs with pinpoint precision, and delivers a welcomed user-friendly experience for advisors.
e401k Proposal™ also features more than 400+ data points on services, updated semi-annually in-house, as well as a new Service Provider Narrative section for vendors to promote competitive advantage.
"Because it shaves off multiple days of research and analysis, our new e401k Proposal system saves the advisor priceless time he or she needs to spend with clients," explains Nick Della Vedova, President. "Unlike other RFP search and benchmarking tools available today, our solution zeros in on fees, services and investments, giving plan sponsors a triple play in better decision-making."
About Retirement Plan Advisory Group
Retirement Plan Advisory Group is the largest practice management platform dedicated to defined contribution advisors in the U.S. with 256 member firms, totaling 600 advisors in 46 states, serving 15,000 sponsors with $50 billion in collective assets under advisement. Log onto www.retirementplanadvisorygroup.com
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