Administrator Benchmarking

It’s time consuming and confusing to research and analyze a new 401(k) plan administrator. 401(k) Professionals has the experience and expertise to search the marketplace and find the best possible retirement plan at the most competitive cost for your company. We manage the entire process from the initial proposal requests, to the analysis, to final recommendation, and even assist with conversion and implementation to your new plan.

We continually survey plan administrators and perform routine benchmark reports for our clients to make sure plan fees are reasonable and plan performance is in line with market performance.

To make sure plan fees are reasonable, The Department of Labor (DOL) suggests this fiduciary exercise at least every 3 years.