Retirement Plan Committee

Do you find your 401(k) plan fee’s confusing?

Managing Your 401(k) Fees Retirement plans commonly include funds that engage in revenue sharing, which is crediting a portion of the fund expense ratio paid by participants back to the plan. Using revenue sharing to pay all or a portion of plan administrative expenses is an acceptable practice. On the surface, this practice does not seem unfair, but unfortunately, using revenue sharing to pay plan expenses can fall far short of fair. Let’s take a look at why. Most 401(k)…

Read More


There is considerable confusion on exactly what OCIO services mean. Simply put, the primary difference in OCIO versus traditional consulting services is who owns final discretion for the selection of managers/funds and the execution of investment decisions. According to the PGIM survey, the top objective for plan sponsors is very different than OCIO service provider goals. All Plan Sponsors considering the benefits of implementing this type of service should begin by identifying internal goals and priorities before conducting due diligence…

Read More

OCIO/ERISA 3(38) Arrangements Increase

Why bring attention to a service 64% of Plan Sponsors have not evaluated yet? As the Great One said,  Wayne Gretzky, “I skate to where the puck is going, not where it has been.” Projections are that OCIO assets will rise from $1.1 Trillion to $1.7 Trillion in the next 3 years according to Cerulli Associates. Plan Sponsors are being approached by their current advisors/ consultants or new consultant touting the OCIO or ERISA 3(38). The OCIO/ERISA 3(38) term means…

Read More

Managed Accounts

Managed Accounts All 401(k) Plan recordkeeping firms are experiencing margin compression in their core business and seeking ways to increase their revenue in other areas, such as selling Managed Accounts. It is critical that Plan Sponsors realize Managed Accounts are NOT a service but an investment product. Why the distinction? A Managed Account as an investment product means you have a fiduciary duty to conduct due diligence to evaluate the benefits. As with any fiduciary decision, it is important for…

Read More


OCIO/ERISA 3(38) As this consolidation has occurred on the advisor side, Advisor firms are actively positioning OCIO (Outsourced Chief Investment Officers), ERISA 3(38) or Discretionary Asset Management services to Plan Sponsors. The three terms are used interchangeable and relate to hiring an advisor/consultant to take fiduciary responsibility from the Retirement Committee for all investment related decisions including hiring and firing investment managers/funds in your retirement plan. Generally, Committees are utilizing this service due to: Plan Sponsors considering the implementation of…

Read More

Advisors/Consultants Consolidation

Advisors/Consultants Consolidation The consolidation craze has made its way to the Retirement Plan Advisor/Consultant marketplace. Private equity firms, large financial services organizations and national benefits firms have all entered into agreements to acquire retirement plan advisory/consulting resources. Examples include: With 401(k) and other types of retirement plans becoming more complex, Plan Sponsors have become reliant on their advisor/consultant to provide unbiased advice. The recent advisor/consultant consolidation is blurring the lines as firms, who were primarily focused on independent 401(k) consulting,…

Read More

Recordkeeping Consolidation

Recordkeeping Consolidation Continued fee compression in 401(k) plan recordkeeping services is accelerating the need for economies of scale. Whether it is continued technological improvements, such as the adoption of cloud technologies or the need to offer a wider suite of services, recordkeepers are realizing they need to adjust or exit the business.  Perhaps the best example of this trend occurred in 2020 when Vanguard partnered with Infosys, Ltd. of India. Infosys has assumed operational control of the recordkeeping platform, including integrating all…

Read More

CARES Act Update

CARES Act – New Employee Benefit Tools to Support Affected Employees By: Jim Rourke and Mike Brittingham with Nexsen Pruet, LLC. Signed by President Trump on March 27, 2020, the CARES Act adds a few new tools to employers’ employee benefit arsenal. Many changes – such as the increase in plan loans limits and hardship distribution conditions – expand longstanding benefits concepts. However, other changes – such as the availability of federal loans, that may be forgiven, to cover payroll…

Read More

North Carolina Office:
51 Kilmayne Drive, Suite 304
Cary, North Carolina 27511
Phone: 800-479-9869

Pennsylvania Office:
McMurray Pennsylvania
Phone: 412-417-6645

In the News

Comperio Retirement Consulting named a 2020 Firm to Watch by



National Association of Plan Advisors (NAPA) has named Comperio Retirement Consulting one of the Top DC Advisor Teams in 2019, 2020, 2021 and 2022


Comperio Retirement Consulting has been named one of the largest 100 Investment Consultants in the United States according to Pension & Investments (P&I) for the past 5 years