How We Work
Compensation Transparency
Where does your Advisor, Broker or Consultant Fall?
Are you paying hidden fees, bonuses and other non-transparent forms of compensation? To begin a dialogue about compensation structure and magnitude, we encourage all plan sponsors to print this page and have their Advisor, Broker or Consultant check the boxes of which fees and commissions are currently being received.
KTP Advisors’ 100% Transparent Compensation
We are compensated solely through a flat-dollar advisory fee. Our fee can be built into the premium in a fully-insured plan or billed separately to the client.
What are our fees?
Administrative Fees (self-funded plans)
Flat Dollar Fee (fully insured plans)
Flat PMPM
Compensation paid as a fixed dollar amount
KTP Advisors does NOT accept:
Bonuses (formerly known as Contingent Commissions) such as:
Commission Overrides
Commission "Multiplier"
New Revenue Based
Profit Based
Volume (Total Revenue) Based
Renewal / Retention Based
Marketing Dollars such as:
General Sales budget (slush fund) paid by carriers or PBM
Miscellaneous Compensation / Perks such as:
Hotel
Airfare
Office Space
Sports/Events Tickets
Vacations
Events
Other
KTP Advisors believes transparency should be guaranteed, not implied — which is why we are also willing to make the following commitments to every client.
Willing to sign a contract guaranteeing 100% compensation transparency.
Compensated on a flat dollar fee so advisor, broker, consultant doesn't get a "raise" when/if plan costs go up.