Industry – HR Technology
Plan Type – 401k
Assets – $5 million
Participants – 75
A plan sponsor in the HRIS business started its 401(k) Plan to attract, retain, and motivate its employees and grew quickly from zero assets to $5 million in just a few short years. With the same provider since day one, the sponsor had not benchmarked the Plan since its inception, nor had the Committee evaluated the investment lineup to assess what, if any, changes, should be made to ensure participants the most return potential. Upon hiring 401(k) Advisors as its dedicated consultant, the first order of business was to conduct a thorough review of the plan fees and investments.
Download: Fee and Investment Benchmarking