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What is 401(k) Benchmarking and Why Should You Do It?

As a plan sponsor you have a fiduciary responsibility to act in the best interest of your employees when managing retirement plans like 401(k) or 403(b). Regular benchmarking helps fulfill this duty by ensuring that the plan offers suitable investment options, reasonable fees, and competitive performance compared to other plans. It demonstrates your commitment to act as a responsible fiduciary. Take a moment to review our Benchmarking Process below or download a Sample Report to see what we can do for you.

Review & Benchmarking Process

01

Fill out the form

To start the process, simply fill out the Review and Benchmarking request form below. Once we receive your request, we'll schedule a convenient time for either an onsite visit or a video call. This way, we can gather all the relevant information about your plan.

03

Review our estimate

Next, we'll estimate how much time it will take to process and analyze the data and communicate the estimate to you. Once you review the estimate and give us your approval, we will start processing and analyzing the data to prepare a detailed report for you.

02

Quick heads up

While we'd love to offer this service for free, we need to be compensated to sustain our business. That being said, if you later come to appreciate the way we do business and decide to hire us as your plan advisor, this service will be complimentary.

04

Follow up meeting

After we've thoroughly examined everything, we’ll schedule a follow up meeting to go over our findings and provide tailored recommendations as needed.

Review and Benchmarking request form

Ready to get started? We are excited to work with you and ensure that you fulfill your fiduciary duties prudently and with loyalty!

Thanks for your interest!

Important Disclosures and Privacy Policy

Registered Representative of and securities offered through Berthel Fisher & Company Financial Services, Inc. (BFCFS) Member FINRA/SIPC. Investment advisory services offered through BFC Planning, Inc. Prairie Capital Management, BFCFS, and BFC Planning, Inc. are independent entities.

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​Check the background of your financial professional on FINRA’s BrokerCheck.

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Different types of investments involve varying degrees of risk including market fluctuation and possible loss of principal value. There can be no assurance that any specific investment strategy will be profitable. Neither the named Representatives nor Broker/Dealer gives tax or legal advice. All information is believed to be from reliable sources, however, we make no representation as to its completeness or accuracy. Please consult your Financial Representative for further information.

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Annuities are complex and not suitable for all investors. Carefully consider the risks and possible consequences involved prior to making an investment decision. Guarantees are backed by the claims-paying ability of the issuer, and may contain limitations, including surrender charges, which may affect policy values. It is possible to lose money with an Indexed Linked Annuity, as surrender prior to the end of the annuity term could result in a loss. Surrender charges associated with Indexed Annuities may significantly impact liquidity. Some Indexed Annuities impose a monthly limit of the amount by which an investor may participate in the upward performance of the related index, thus further limiting the profit potential of the investment. Some Indexed Annuities do not credit any measure of market participation to the investor until a significant number of years have passed. Past performance is not necessarily indicative of future results.
 

Due to various state regulations and registration requirements concerning the dissemination of information regarding investment and insurance products and services, we are currently required to limit access of the following pages to individuals residing in states where we are currently registered. Investment products and services are available only to residents of AZ, CA, CO, FL, GA, IA, IL, IN, KS, MN, MO, NE, NY, OR, TX, VA, and WI.  Insurance services are available to residents of IL.

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​Additional Disclosures Customer Relationship Summary (FORM CRS) and Privacy Policy

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