Are you in the practice of benchmarking your retirement plan on a regular basis? Have you ever benchmarked your 401(k) plan? Here’s why you should this year:
1. It’s free. More than likely your investment adviser can either create the benchmarking report himself/herself or can use a third party to get the report done for you without charge. The providers involved in the process (your recordkeeper, trustee, custodian and investment adviser) should not charge you to share the data from which the benchmarking report will be created.
