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Benchmarking Resources Benchmark: A standard by which something can be measured or judged.

Benchmarking Resources Benchmark: A standard by which something can be measured or judged. Benchmarking is not just a good idea -- it helps to satisfy ERISA’s fiduciary requirement to ensure a plan’s expenses are reasonable and that the services provided meet the needs of the plan.

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Benchmarking Resources Benchmark: A standard by which something can be measured or judged.

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  1. Benchmarking ResourcesBenchmark: A standard by which something can be measured or judged. Benchmarking is not just a good idea -- it helps to satisfy ERISA’s fiduciary requirement to ensure a plan’s expenses are reasonable and that the services provided meet the needs of the plan. There are several resources for benchmarking retirement plan fees and expenses that include publications, benchmarking studies, or online services. It’s important to note that every benchmarking resource has pros and cons and nothing is more accurate than putting a plan out to bid via a formal Request-For-Proposal (RFP) process. www.financialservicestandards.com

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