Why Choose Cofi's Support for Attorney-led Incumbent Review℠

Cofi's support for attorney-led Incumbent Review℠ brings numerous advantages to your legal services.

Independence

As an unbiased partner, Cofi provides an impartial assessment of your client's benefit plan, free from alliances with service providers, vendors, brokers, or carriers.

Expertise

With expertise across various disciplines, Cofi delivers expert valuable insider insights for attorneys, helping you optimize vendor evaluations and negotiations on behalf of your clients..

Robust Market Data

Leverage our proprietary, robust market data in your Incumbent Review process to make informed decisions and ensure best results for your clients

Sensitivity to Existing Relationships

By performing this process through trusted counsel and not subjecting the incumbent vendors to an RFP, fiduciary duties are met without interrupting positive working relationships.

Compliance Support

Ensure your clients' legal compliance with service provider selection and management requirements.

FAQ

Frequently Asked Questions

1. How does Cofi’s role differ in an Incumbent ReviewSM as compared to an RFP?

Cofi compares the incumbent to the market rather than comparing the incumbent to other candidates. This takes less time than an RFP, and there are no interviews in an Incumbent ReviewSM.

2. How does my role, as the lawyer, differ in an Incumbent ReviewSM as compared to an RFP?

The lawyer’s role is pretty much the same in an RFP and in an Incumbent ReviewSM. Cofi’s roles are different (i.e., less extensive for an Incumbent ReviewSM).

3. Will Cofi make templates available to me?

Cofi supplies templates for all documents that the lawyers need to perform their functions.

4. What documents am I, as the lawyer, responsible to prepare/deliver in an Incumbent ReviewSM?

 Incumbent ReviewSM letter to vendor (request for documents, information and revised terms of services )
 Service contract with incumbent vendor
 Minutes of confirmation meeting
 Final opinion to Board regarding fiduciary compliance of process and ultimate terms of engagement (as renegotiated)

Cofi has templates available for all of these documents.

5. What services is Cofi responsible to perform in an Incumbent ReviewSM?

 Supplies templates for all documents required by the lawyer for the lawyer’s functions
 Interacts with incumbent on submission to ensure that all Incumbent ReviewSM responses are clear and represent firm commitments
 Performs market analysis to determine how the breadth of the incumbent’s services compare to the market and how the incumbent’s fees compare to the market.

Our Incumbent Review Process

Get an overview of our transparent, comprehensive incumbent review process, and understand what's involved.

Ready to Optimize Your Benefit Plan?

Unlock the full potential of your benefit plan with Cofi's Incumbent Review. Contact us today to get started.

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    Contact Us

    Have questions or need assistance? Get in touch with our team. Use our contact page to find our contact information, including phone number and email address. We're here to provide support and answer any inquiries you may have.