What is fee levelization?
A fee collection method that allows retirement plan fees (e.g. fees like, recordkeeping, participant services, plan compliance, etc.) to be shared equally among ALL participants no matter which investments are selected or applicable revenue sharing provided.Follow these three steps to optimize your fee levelization process
Understand the revenue sharing landscape and how to approach clients/prospects
For a quick and easy way to explain fee levelization, share this video with plan sponsors. Feel free to go into more detail on each option if needed.
How to explain fee levelization to clients:
Understand the revenue sharing landscape and how to approach clients/prospects
For a quick and easy way to explain fee levelization, share these videos with plan sponsors. Feel free to go into more detail on each option if needed.
Tee up the conversation
Then, educate your clients/prospects on retirement plan fee levelization options and considerations. It’s easy. Consider sharing the PowerPoint below to help kick off things. Or check out some of the other tools/resources below, including the "What's all the buzz about leveling retirement plan fees" white paper.
Select an option and document it in a fee policy statement
A fee policy statement provides guidelines for your clients to help them monitor their retirement plan fees and expenses with service providers on a regular basis. By doing this, your clients can better manage their related fiduciary duties. See the template below to create a fee policy statement for all your clients.
For you
Understanding fees case study
More resources
Whitepaper
Case studies
Conversations case study
Use with plan sponsors
Video: understanding fee levelization
More plan sponsor resources
Comparison flier
Retirement plan fees flier
Plan sponsor presentation
Sample fee policy statement
Use with participants
Participant presentation
