White Papers

BPG’s library contains a variety of white papers that can help guide readers to better understand complex topics regarding retirement plans, financial planning and investments. Here you will find a brief summary of recently published white papers.


What’s Reasonable? Rule of Thumb Benchmark for 401k Advisory Fees

Plan sponsors are increasingly aware of their fiduciary responsibility to ensure that their plan only pay “reasonable fees” to their service providers. While commonly used benchmarks on recordkeeping and investment data are readily available, there is far less information on the fees plan sponsors pay to their advisors. The best way for a plan sponsor to benchmark the reasonableness of their advisory fees is to issue a Request for Proposal (RFP). As a quick check, we’ve developed the following grid to help plan sponsors with some quick guidelines on advisory fee data gleaned from over 1,000 plans of similar size. [ read more ]

White Paper

White Paper

The Evolution of 401(k) Advisory Fee Arrangements

ERISA plan fiduciaries are obligated under ERISA to ensure that the total amount of compensation paid to a service provider is reasonable and not excessive. Faced with a decade-long series of lawsuits challenging the “reasonableness” of provider fees, and with greater illumination of expenses afforded by fee disclosure requirements, plan sponsors have aggressively pushed for savings from investment managers and recordkeepers. The upshot of these efforts has been a 40% drop in investment fees for a typical 401k participant and a lowering of administration fees by nearly 45%. The Evolution of 401(k) Advisory Fee Arrangements


Target Date Funds: Why Plan Sponsor Due Diligence Process Matters

With so many DC plans using target date funds and usually as their QDIA option, the process for selecting the “right” target date suite has become a major plan sponsor concern. Even the DOL has stepped in and issued guidance to sponsors regarding the proper process for selecting and monitoring these funds. But even with this guidance, sponsors often ask, “What constitutes a sound selection process?” “Does it matter?” and “Does the selection process impact investment performance/outcomes?” In response to these trends, Blue Prairie Group (BPG) has developed a comprehensive selection and monitoring due diligence process to assist plan sponsors [ read more ]

White Papers

White Papers

Framework for Optimizing Your DC Investment Menu

Defined contribution retirement plan sponsors face many decisions when attempting to maximize plan benefits for their participants, specifically with regards to investment menu design. Blue Prairie Group has long espoused a belief that a good investment menu not only satisfies the preferences of the plan sponsor, but should also be designed with the needs and limitations of the participant base in mind. Framework for Optimizing Your DC Menu Whitepaper