There are several benefits to benchmarking your company retirement plan, both for your business and your employees:

• Reduce Expenses on 401k-Related Fees = Employer Saves or Employees Save More in Plan
• Ensure Legal Compliance to Avoid Fiduciary Liabilities = Plan Operates as Expected
• Provide a Higher Quality Employee Benefit = Retention and Recruitment Advantage

There are a multitude of different fees involved with the administration of a retirement plan. It is essential to regularly review the various fees and fee amounts you are paying on behalf of your employees. There may be ways to reduce costs. This will allow more money to remain as an investment in your employee's futures.