Cost Savings

Are you being charged too much for pension administration?

If you are using a major consultancy or third party administrator, the answer is most assuredly yes!

Have you ever wondered why consulting costs so much? You’re not alone. The answer lies in the business model major consultancies use. The major firms typically require the people doing your work to bill seven times their annual salary or more! Think of it: when you receive your retirement consulting bill, only 15% - 20% goes to pay the people actually doing your work .

Where does the rest go? Good question! Of course there is office overhead and employee benefits as well as minor profit-sharing. But the majority of the fees pays for:

       > High-priced consultants to oversee and protect their profitable relationship with you
       > Large marketing and entertainment expenditures
       > Subsidies to other practices in order to be a “full-service” consulting firm
       > Recuperation for under-bidding your actuarial valuation in order to buy your business
       > Extremely well-paid senior executives
       > Shareholders and other owners, such as partners

None of the items on this list benefits you. At JAG, our business model is simple: You pay only for work received, done by well-qualified senior professionals at a fraction of the cost of major consultancies. No over-charging you for high-priced fluff!