Retention |
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Based on industry statistics and Sterling Benchmark studies, we know that DC consultants are slowly inching their way into the smaller market space. The switch rate is somewhere between 7-10%. Plan sponsors that connect with your value proposition and brand are the ones you want to keep. We believe cultivating strong and sustained long term relationships are vital to retaining plan sponsors. Furthermore, the cost of retention is always cheaper than the cost of acquisition.
Using the Discover, Formulate and Operationalize method, we can determine your best plan sponsors and also provide probabilities for the plan sponsors. Using these methods, recordkeepers can identify potential lost clients and take actions to prevent further bleeding of profitability. It is our endeavor to provide the best possible Plan Sponsor Intelligence and manage clients at each stage of their life cycle to optimize profitability and create a diverse portfolio that hedges against volatile equity markets and changing regulations within the industry. Attrition Analysis Plan Sponsor Intelligence |