{"type":"video","version":"1.0","html":"<iframe src=\"https://www.loom.com/embed/3038d945b91249a8b361c6b23a905136\" frameborder=\"0\" width=\"1920\" height=\"1440\" webkitallowfullscreen mozallowfullscreen allowfullscreen></iframe>","height":1440,"width":1920,"provider_name":"Loom","provider_url":"https://www.loom.com","thumbnail_height":1440,"thumbnail_width":1920,"thumbnail_url":"https://cdn.loom.com/sessions/thumbnails/3038d945b91249a8b361c6b23a905136-54b6b88802c3178e.gif","duration":277.398,"title":"Running a Plan Cost Benchmark Report","description":"In this video, I walk you through the process of generating a fee benchmarking report for a client after updating the fees and fee history for a plan. I demonstrate how to access the reporting feature, select the appropriate plan and quarter, and choose from five different report formats, recommending the top two for ease of understanding. The report provides a comprehensive breakdown of average balances, total costs, and participant fees, along with visual representations to help interpret the data. I also highlight the option to manage optics by hiding average fees if they are above the norm. Please ensure you familiarize yourself with this process to effectively communicate fee structures to our clients."}