NAPA Net - Polling Places 082418

Have Your Fee Structures Changed?

The debate about the fiduciary rule was certainly focused on fees, and fee structures – and excessive fee litigation has certainly taken issue with how (and how much) certain providers charged.

Question Title

* 1. On what basis do you generally charge for your services?

Flat fee

Scaled, based on plan assets

% of plan assets

Something else?

Question Title

* 2. Has that changed in the last 2 years?

Yes

For some clients, others no.

Something else?

Question Title

* 3. Why has that changed (check all that apply)?

Change in fiduciary status

Offering more services

Competitive forces

Different business model

Changed firms

Cutting back on services

Serving different clients/markets

Something else?

Question Title

* 4. Have the services you provide changed in the past 2 years?

No.

Mostly they haven't changed.

They mostly have stayed the same.

Yes, I now offer more.

Yes, I now offer less.

They have increased, for the most part.

They have decreased for the most part.

Something else?

Question Title

* 5. Generally speaking, have you found that plan sponsors (check all that apply)...

Are more willing to pay a flat fee for advisory services than in the past.

Are less willing to pay a flat fee for advisory services than in the past.

Have pretty much the same sense of paying a flat fee for advisory services as in the past.

Are more willing to pay advisory fees from plan assets than in the past.

Are less willing to pay advisory fees from plan assets than in the past.

Don't really seem to be any more or less willing to pay advisory fees from plan assets than they used to.

Are more fee conscious generally than in the past.

Are less fee conscious generally than in the past.

Haven't really changed their sensitivity to fees.

Other comments?

Question Title

* 6. Other comments about advisory fees, sensitivity about advisory fees, inclinations to pay advisory fees in certain ways, desires to pay advisory fees from plan assets, perceptions about retirement advisory fees, or life in general?

Question Title

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

Advisor

Provider

TPA

Plan sponsor

Recordkeeper

Other (please specify)

Question Title

* 8. 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)

Question Title

* 9. Suggestions for future survey questions?

Question Title

* 10. 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...