Following eRFP, $174m 401(k) Plan hires new 401(k) Consultant – Rocaton
Following an eRFP through InHub’s online eRFP technology (www.theinhub.com), Sensata Technologies selected Rocaton as the new Investment Consultant to the $174m 401(k) Plan. Finalists included incumbent RBC Wealth Management, Fiduciary Investment Advisors, and Rocaton Investment Advisors.
November 7, 2016, blog.theinhub.com: Sensata Technologies, headquartered in Attleboro, MA is soliciting proposals primarily for investment consulting services to its 401(k) Plan ($174m as of 8.30.2016). The 401(k) plan is currently serviced by its incumbent Advisor, RBC Wealth Management. The plan and company have seen significant growth in recent years as a result of Sensata growing via acquisitions – having more than doubled in the last 3 years. As fiduciaries, the Committee would like to prudently gain insight into the fees and services typical in the current market for plans of this size and type. While the focus of this RFP is on 401(k) investment (see lineup), bids for the $55m pension plan are also being accepted. 9 firms have been invited to participate. The Sensata Technologies 401(k) Advisor RFP was issued throughINHUB’S ERFPtool.