Recordkeeping Fee Benchmarking

The Employee Retirement Income Security Act of 1974 (ERISA) requires a plan fiduciary to ensure that fees paid out of plan assets are reasonable in light of services being rendered.

Annually, Multnomah Group will gather fee data from the plan’s recordkeeper, produce a report outlining the fees paid for recordkeeping the plan, and benchmark those fees against peer group ranges.

This training walks committees through our process for annual fee benchmarking.

To download a copy of this L3 training material, please fill out the form.