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.