Does your organization sponsor a 401(k) or similar qualified plan? If so, you’re no doubt familiar with hefty plan administration fees. Overpaying for such fees can hurt your financial performance and even expose you to lawsuits filed by plan participants. One way to address this challenge is to conduct a retirement plan benchmark analysis. This formalized study compares your plan’s fees, services and investment performance with current industry standards for similar plans. Based on its results, you may determine that you need to negotiate lower fees with your current plan provider, improve investment options or strengthen fiduciary compliance. Contact us for more information.
