Actuarial
Independent, documented actuarial fee and service comparisons for plan sponsors with pension plans.
| Length | 171 words |
| FAQs | 6 |
| Reading time | 1 min |
Plan sponsors with pension plans often have long-standing relationships with actuarial firms. When actuarial services are paid from the trust, sponsors have a fiduciary obligation to periodically compare fees and services against the market.
Why This Comes Up
Even when a relationship has worked well for years, sponsors may need to confirm that scope, service levels, and compensation remain reasonable. Documentation and process matter to committees, counsel, and internal stakeholders.
Why Wait?
Like other service provider categories, actuarial firms have consolidated to drive efficiency and costs. An evaluation helps ensure both core and non-core services are compared in a consistent way, not just assumed.
What We Do
Culpepper RFP acts as an independent third party to assist you through an actuarial evaluation process. We help you compare services and fees clearly and document the rationale for your decision.
Independence Matters
There are few truly independent firms that offer this level of evaluation support. Our role is to provide an objective process so you can move forward with confidence and clear documentation.
“As we moved towards a plan termination, we were surprised with a change in our funded status. We needed help to investigate other options.”
Frequently Asked Questions
Is this meant for someone like me in HR or Finance, or is it really for advisors and attorneys?
If you are the person carrying the responsibility for benefits decisions inside the organization, this will feel familiar. Culpepper RFP supports HR and finance leaders, ERISA counsel, and committees, because the pressure and the risk often land on your desk either way.
What would you actually take off my plate?
Culpepper RFP manages the RFP process itself, so you are not piecing together vendor comparisons, chasing information, and trying to document everything between your day-to-day responsibilities. You are still involved in direction and fiduciary decisions, but the heavy lift of gathering, organizing, and evaluating is handled through our documented process.
How much time is this going to take from me and my team?
Our services are designed to reduce the time executives and internal teams spend managing details. Expect some upfront coordination and a few check-ins along the way. The goal is that you are not carrying weeks of follow-up, tracking, and evaluation work on top of everything else.
RFPs can get political. Does this make it harder?
That is a real concern. Our services are positioned as an independent third-party evaluation process, which can lower the temperature and keep the focus on documented criteria instead of internal pressure or preference. It will not erase politics, but it gives you a clear, neutral structure to point back to.
Do I need to already understand fees and benchmarking to get value from this?
No. Our evaluation processes support people who are accountable for the outcome, even if the technical details are not your daily focus. We can also help you evaluate whether going to an RFP is even necessary.
How do I know whether I need a full RFP, an RFI, or just a benchmarking audit?
You are not alone in asking. Before you sign up we review your objectives and discuss the most cost-effective and time-effective solution. Our services include fee and service benchmarking, RFI evaluation, and full RFP evaluations, so the approach can match the situation instead of defaulting to the most intensive option.
Schedule a Call
- Phone
- (203) 952-3776
- Hours
- Monday–Friday, 8 am–6 pm
- Schedule
- calendly.com/jgepfert
