How to Find and Use the Fee Benchmark Feature of 401kFiduciaryOptimizer

401kFiduciaryOptimizer has a hidden tool providing information on average advisory fee based on the plan assets and zip code of the plan the advisor is working on.

It’s called Fee Benchmark and it can be found at the very bottom of the Edit Plan section:

It shows the fees breakdown for different advisors parsed from their recent statements, the source can be viewed, criteria can be changed:

Overall percentage represents nationwide fees, while the local number is for the fees charged locally.

This is just an average number, but can be used for the calculation, to make comparison of two plans (current and proposed) more precise.

If you would like to know more be sure to request your personal demo below:

close

It’s nice to meet you.

Sign up to receive awesome content in your inbox, every month.

We don’t spam! Read our privacy policy for more info.

Related Posts

2022 IRS Plan Contribution and Benefit Limits
What Are MEPs And How Can They Help You?
Adding Cryptocurrency to your 401(k) Plan: Risks and Best Practices

3 Responses

  1. Pingback : How to Prospect for a Potential Business in Less Time with Plan Screener

  2. Pingback : The 4 Key Benefits of 401kFiduciaryOptimizer

  3. Pingback : Case Study: Compare Your Fees to Other Advisors in Your Area Using Fee Benchmark Hidden Tool

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.