NAPA Net - Polling Places 110317

What Are Your Fee Factors - And Have They Changed?

As we head to the close of the year, with the fiduciary rule (some of it anyway), behind us, and tax reform just ahead – it seems a good time to find look at the prospects for 2018 fees, and what factor(s) may be having an impact.

Fees are, of course, always a topic of interest – and there have certainly been a lot of new factors to consider in planning for the year ahead.

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* 1. Which factor(s) do you consider in setting your fees (check all that apply)?

Plan asset size

Plan participant count

Geographic dispersion/# of locations

Level of services

Plan design features

Other (please specify)

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* 2. Which factor is the PRIMARY factor in setting your fees?

Level of services

Geographic dispersion/# of locations

Plan participant count

Plan design features

Plan asset size

Other (please specify)

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* 3. Generally speaking, have your fees gone up, down, or remained unchanged since the Fiduciary rule?

Remained the same

Gone up

Gone down

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* 4. Is that a result of (check all that apply):

Extra work/liability associated with the fiduciary rule

Value of services has risen

Cost of doing business

Market forces

Something else (please specify)

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* 5. What is the PRIMARY reason/factor?

Market forces

Value of services has risen

Extra work/liability associated with the fiduciary rule

Cost of doing business

Something else (please specify)

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* 6. Generally speaking, will your fees increase in 2018?

Not sure

Yes

Something else (please specify)

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* 7. If so, why?

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* 8. Any other comments about fees, the factors in establishing fees, factors in changing fees, or the process of setting fees, or life in general?

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* 9. What is your role working with retirement plans?

Advisor

Provider

TPA

Plan sponsor

Recordkeeper

Other (please specify)

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* 10. What size plans do you PRIMARILY work with?

Under $10 million in assets

$10-$20 million

$20-$50 million

$50-100 million

$100 million - $250 million

$250 million - $500 million

Above $500 million

Other (please specify)

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* 11. Suggestions for future survey questions?

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* 12. All responses are anonymous and confidential, of course - but if you'd like me to know who you are, or allow for a response, you can leave your email below...