The plan benchmarking tool combines PLANSPONSOR’s proprietary Defined Contribution Survey and RidgeWorth’s own research, according to a press release.
The tool can be used by retirement plan advisers to:
- Help a plan sponsor understand how its plan compares to others of similar size as well as overall across the industry,
- Show what plan design features might now be common among its peers, and
- Understand and evaluate the services the plan sponsor currently receives.
“Although we think the plan benchmarking tool is a good start to help retirement plan advisers, we’re not stopping there,” said David Craig, RidgeWorth’s Director of Marketing, in the announcement. “During 2010, we plan to add a number of interactive tools to the site, including fee benchmarking for retirement plans and benchmarking an adviser’s practice.”
Advisers can access the tools and resources by visiting http://www.planadvisortools.com.