Fiduciary Shield by BidMoni makes it easy for you to shop various service providers according to the specific needs of your plan. As an employer, you have a fiduciary duty to manage the service providers inside of your plan.
After locating your company’s retirement plan information, you will be asked to enter some additional basic plan information. You will also be able to enter desired features including pricing, services, fund lists, etc… From here you can easily submit a request for bids.
As potential recordkeepers answer the request, proposals will be sorted and scored. You will be presented with the top results matching your requests.
Once you select and implement a new plan, Fiduciary Shield by BidMoni will provide automated and ongoing fee analysis and plan monitoring.