They assist clients in establishing a business case for sourcing solutions, launching and managing RFP or RFQ processes, benchmarking administration fees and contract terms, negotiating renewals and new contracts, and improving sourcing relationships. Their broad project scope includes services such as actuarial and retirement consulting, benefit plan administration, investment consulting, global benefits administration, financial well-being solutions, and more. They also offer RFP and RFQ facilitation, drawing on their wealth of experience to develop comprehensive documents, identify qualified providers, manage interactions with bidders, and facilitate the selection process.

With extensive market data and analysis, herronpalmer provides benchmarking insights and assistance with renewal negotiations, ensuring competitive fees and contract terms. Their team of expert dealmakers also excels in contract negotiation, helping clients achieve better terms and conditions with major service providers. Trust herronpalmer to navigate the complexities of HR and employee benefit program sourcing, providing reliable guidance and robust solutions for their clients