Tina 1 AND DONE your plan should have a TOTAL COST of 1% or less for EVERYTHING Record keeping/TPA , Advisor & Investments. I agree with Eric get a TRUE Fiduciary one who assume the role 100% with NO limitation to liability
Don't use a plan provided by an insurance company or fund company if possible. Clear conflicts of interest. There should be a smaller RIA or Turn Key provider in your area that will charge less than that and act as a 3(38)
I'd recommend getting at least three quotes for your plan. Include at least one quote from an RIA.
The estimates you provided seem high, and they don't seem to include the underlying fund expenses. Also, paying for record-keeping
BrightScope is filling a void in the marketplace that unfortunately has existed for a very long time. They are bringing transparency and standardization to the financial advice arena that will benefit both investors and advisors.
Information is provided 'as is' and solely for informational purposes, not for investment purposes or advice.
BrightScope is not a fiduciary under ERISA. BrightScope is not endorsed by or affiliated with FINRA.