--- title: The PlanFees Prism™ description: The PlanFees Prism™ benchmark breaks down the four main components of a retirement plan’s total fees image: https://news.planfees.com/hubfs/Imported_Blog_Media/LinkedIn%20LinkImage%20copy.png --- News ##### Share this [Share on X ](https://x.com/intent/post?url=https://news.planfees.com/news/the-planfees-prism&text=The+PlanFees+Prism%26trade%3B) [Share on Facebook ](https://www.facebook.com/sharer/sharer.php?u=https://news.planfees.com/news/the-planfees-prism&t=The+PlanFees+Prism%26trade%3B) [Share on LinkedIn ](https://www.linkedin.com/shareArticle?mini=true&url=https://news.planfees.com/news/the-planfees-prism&t=The+PlanFees+Prism%26trade%3B) # The PlanFees Prism™ by [**PlanFees**](https://news.planfees.com/news/author/planfees) on Jan 30, 2020 Think back to your high school physics class. If you’re reading this article, you’re most likely a retirement plan advisor and not a rocket engineer, so we’re guessing that you don’t remember that class very well. If you are a rocket engineer, we apologize. Also… *that’s awesome*! So there was this guy in the 17th century named Isaac Newton, and he did a lot of really cool physics stuff like develop the theory of gravity and, well, invent physics. *Stay with us – we have a point.* Back before the internet, the automobile and electricity, Newton experimented with prisms to show how these neat angled glass pieces make light do really amazing things. Newton showed how a prism could break light up into its component colors. White light hits the prism, and a spectacular rainbow of colors comes out the angled sides. Because we love science and Isaac Newton, we chose the prism as a symbol of what the PlanFees platform can do. We call our database and downloadable fee benchmarking report **Prism™** since it acts as a “prism” for retirement plan fees. Instead of creating a fabulous display of spectral colors, the PlanFees Prism™ benchmark breaks down the four main components of a retirement plan’s total fees: investment fees, recordkeeping fees, TPA/administrative fees and advisory/consulting fees. The report is also pretty colorful, so we got that going for us. The PlanFees Prism™ benchmarking system is a subscription FinTech platform that’s super easy to use, helps you meet fiduciary responsibilities and enables your sales activities. And it will do more for your business than a little glass prism ever could. Instead of a 17th century scientist, PlanFees was founded by a bunch of retirement plan nerds who collectively have zero Ph.D.’s in physics. What they do have is a plethora of experience and accolades amassed during long, illustrious careers as advisors, ERISA attorneys, portfolio managers, technologists, marketers and business leaders — and a passion for creating successful retirement plan outcomes for plan sponsors and participants. 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