11/18/2024
As we approach year-end, its a good time for you to benchmark your company's 401(k) plan. Why benchmark?
1. One of your obligations as a plan sponsor is to make sure you are getting the services you need while paying a reasonable cost.
2. Have plan assets or headcount grown in recent years? A recent survey showed 80% of plans are overpaying for expenses.
3. It's a convenient time to address plan design. Is your plan's design aligned with your company's goals?
4. It doesn't cost you anything.
If you'd like to talk about benchmarking your plan, use this link to schedule a complimentary 15-minute call.