Independent, objective, and unbiased fee audit and benchmarking services.

Plan sponsors have a fiduciary obligation to know the total costs of operating a plan. Although they are not required to choose the least expensive services, they need to know who is receiving money and if the expenses provide good value for the plan. Gallagher Retirement Services takes a holistic approach when conducting a Fee Audit to determine the reasonableness of plan fees. We analyze the plan provider, type of plan, plan size and the services rendered by the provider(s). In our recent audits we have found wide ranges and disparities in fees for services rendered on behalf of 401(k), 403(b), and Defined Benefit plans.

			Forensic Fee Audit uncovers current provider's hard dollar, soft dollar, and transactional fees to help plan sponsors meet their fiduciary duties and manage overall plan costs.
			Fee Benchmarking compares the current provider's hard dollar, soft dollar, and transactional fees to other providers in the retirement plan marketplace.

Gallagher’s Approach to Compensation

In our capacity as a trusted adviser and to maintain our unbiased, objective, independent consultative approach, Gallagher Retirement Services does not accept any contingent compensation, soft dollar arrangements, additional compensation, or marketing allowances from product vendor providers. We provide a detailed Compensation Disclosure Statement which discloses all customized services and the commissions or fees that Gallagher receives. Both the plan sponsor and GRS sign off on this document.

NFPSI Disclosure:

NFPSI Disclosure: Gallagher Retirement Services is the national retirement plan services and consulting division of Gallagher Benefit Services, Inc. Securities and investment advisory services offered through NFP Securities, Inc., Member FINRA/SIPC. Investment advisory services and corresponding named fiduciary services may also be offered through Gallagher Fiduciary Advisors, LLC (GFA), a Registered Investment Adviser and wholly owned subsidiary of Gallagher Benefit Services, Inc. Not all individuals of Gallagher are registered to offer securities or investment advisory services through NFP Securities, Inc. The information presented on this website should not be construed as legal, accounting, tax, or other professional advice, consultation, or service. NFP Securities, Inc. is not affiliated with GBS Insurance and Financial Services, Inc., Gallagher Benefit Services, Inc., Gallagher Fiduciary Advisors, LLC, or the Gallagher Retirement Services division. Neither Gallagher Benefit Services, Inc., the Gallagher Retirement Services division, Gallagher Fiduciary Advisors, LLC, nor NFP Securities, Inc. provide legal, accounting, or tax advice.

This site is published for residents of the United States only. Registered representatives and investment advisor representatives of NFP Securities, Inc. may only conduct business with residents of the states and jurisdictions in which they are properly registered. Therefore, a response to a request for information may be delayed. Not all of the products and services referenced on this site are available in every state and through every representative or advisor listed. For additional information, please contact the NFP Securities, Inc. Compliance Department at 512-697-6000.

The web site links referenced are being provided strictly as a courtesy. Neither us, nor NFP Securities, Inc. are liable for any direct or indirect technical or system issues or any consequences arising out of your access to or your use of the links provided.

To ensure compliance with requirements imposed by the U.S. Internal Revenue Service (IRS) under Circular 230, we inform you that any U.S. Federal tax advice contained in this communication, unless otherwise specifically stated, was not intended or written to be used, and cannot be used, for the purpose of (1) avoiding penalties under the Internal Revenue Code (IRC) or (2) promoting, marketing, or recommending to another party any matters addressed herein.