PTE 2020-02 Documentation Tools Compared
Evaluated on what matters for compliance: documentation depth, data sourcing, factor coverage, and accessibility.
Last Updated: March 2026 · Based on publicly available information
What to Evaluate in a PTE 2020-02 Tool
Not all rollover analysis tools produce the same quality of documentation. Before comparing features or pricing, consider what your compliance file actually needs to contain.
Documentation Completeness
Does the tool produce a report that addresses every element an examiner reviews — fees, services, investment options, rationale, disclosures, and audit trail?
Data Sources
Does the tool pull data automatically (e.g., from Form 5500 filings), or does the advisor enter everything manually?
Factor Coverage
How many comparison factors does the tool evaluate? Full PTE 2020-02 compliance requires analysis of fees, services, investment options, and distribution provisions.
Documentation Feature Comparison
| Documentation Element | InvestorCOM | Fiduciary Decisions | RPAG | Our Tool |
|---|---|---|---|---|
| Fee Comparison (sourced data) | ||||
| Service & Fit Analysis | ||||
| Investment Option Comparison | ||||
| Distribution Provision Analysis | ||||
| Written Best Interest Rationale | ||||
| Conflict Disclosures | ||||
| Timestamped Audit Trail | ||||
| Form 5500 Auto-Population | ||||
| Retrospective Review Support | ||||
| Try Before You Buy (No CC) | ||||
| Public Pricing | ||||
| No Long-Term Contract |
Detailed Tool Profiles
InvestorCOM RolloverAnalyzer
Large broker-dealers and enterprise RIAs with dedicated compliance teams and budget for premium tooling.
Strengths:
- Established market presence and brand recognition
- Comprehensive compliance feature set
- Schwab custodial integration
- Enterprise-grade support infrastructure
Limitations:
- Pricing not publicly available — requires sales engagement
- Multi-year contract commitments
- Implementation timeline of 3-4 weeks
- Feature depth may exceed what smaller firms need
Fiduciary Decisions RDSS
Large RIA firms with complex compliance requirements and a need for deep benchmarking data.
Strengths:
- Deep compliance expertise and benchmarking data
- Strong audit defense documentation
- Attorney-backed compliance guidance
- Regular regulatory update integration
Limitations:
- High annual cost ($2,500+)
- Enterprise-focused — not designed for solo practices
- Annual contract requirement
- Complex feature set with steeper learning curve
RPAG RolloverAnalyzer
Advisors already in the RPAG ecosystem who want an integrated solution.
Strengths:
- Integration with RPAG advisory platform
- Established retirement plan industry presence
- Form 5500 data access
Limitations:
- Pricing not publicly available
- Most useful for existing RPAG users
- Less documentation depth than dedicated compliance tools
Rollover Analysis Tool (Simple Advisor Tools)
Independent RIAs, solo advisors, and small firms that need full PTE 2020-02 documentation at accessible pricing.
Strengths:
- Transparent pricing: $29/report credits or $49/mo team plan
- Instant access: 5 minutes from signup to first analysis
- No contracts: month-to-month with no commitment
- 2 free reports included — no credit card required
- Form 5500 integration with 500,000+ plans
- Full factor coverage matching enterprise tools
Limitations:
- Custom firm branding on reports coming 2026
- CRM integrations in development
- Newer entrant — less brand recognition than established players
What Compliance Officers Are Looking For
If you are a CCO evaluating these tools for your firm, or an advisor whose compliance officer will need to sign off, here is what matters most:
Consistency across advisors
Does the tool enforce a standardized process, or does documentation quality vary by who uses it?
Retrievability
Can completed analyses be retrieved months or years later for regulatory inquiries?
Audit trail integrity
Is there a timestamped, uneditable record of when the analysis was performed and what data was used?
Supervisory oversight
Can managers review and monitor analyses across the team? (Available on Team and Firm plans.)
Frequently Asked Questions
Which PTE 2020-02 tool is best for solo advisors?
For solo advisors and small firms, the primary considerations are pricing, contract flexibility, and setup speed. Enterprise tools like InvestorCOM and Fiduciary Decisions are built for large organizations and carry pricing and contract terms that reflect that. The Rollover Analysis Tool was designed specifically for independent practices — with per-report pricing starting at $29, no contracts, and instant access.
Do all of these tools include Form 5500 data?
Yes, all four tools listed here provide access to Form 5500 data for sourcing plan-level fee and participant information. The key difference is in how the data is integrated — some tools auto-populate fields from Form 5500 filings, while others may require manual lookup.
What should a PTE 2020-02 compliant report include?
A compliant report should document the advisor's analysis of all relevant factors: fees, services, investment options, and distribution provisions. It should include a written rationale explaining why the rollover is in the client's best interest, disclosure of any material conflicts, and a timestamped audit trail showing when and how the analysis was performed.
How do I evaluate documentation quality?
Ask whether the tool's output would be self-explanatory to an examiner who has never spoken with you. A strong report should answer: What was compared? What data was used? How was each factor weighed? What was the conclusion, and why? If the report requires supplemental verbal explanation to make sense, the documentation has gaps.