Bundled Plans

The bundled model consists of one single vendor providing all aspects of investment, recordkeeping and administrative services.  Some vendors offer enrollment support in addition to the breadth of enrollment support that our firm provides.  Bundled service providers are able to provide the entire range of administrative services to our plan sponsors by acting as a "one-stop shop."  Costs can be lower because there are some economies of scale with a bundled approach.  Both small and large plans can benefit from the bundled approach because the vendor is able to offset recordkeeping and administrative costs from investment management fees.  Bundled service providers are becoming more flexible in offering multiple investment managers in addition to the funds offered by the vendor itself.

Unbundled Plans

The plan sponsor, with the help of our firm, becomes the "bundler."  Plan sponsors obtain services through a combination of in-house staff and independent service providers for each critical task.  In other words, a plan sponsor could have recordkeeping, fund management and administration & compliance performed by separate vendors.  This approach can allow for maximum control and the ability to pick the some of the best service providers and high-quality investment options from a very large universe of funds.  Smaller plans sometimes prefer unbundled services because they can work closely with a local Third Party Administrator (TPA) for administrative and compliance support while larger plans enjoy being able to pick the "best of the best" in service providers.

Whether you prefer the bundled or unbundled model, our expertise will make choosing the best vendors and investment options an easy task.