Stephanie Hunt Shares Insight with PLANSPONSOR on the Importance of Plan Benchmarking

December 27, 2023 OneDigital Newsroom

Benchmarking can be a valuable tool for enhancing your retirement plan and helping your employees achieve their retirement goals.

PLANSPONSOR’s “Plan Progress Webinar series” discusses how Plan sponsors should develop benchmarking best practices,; develop a mission statement to inform and guide their effort, compare their plan data with plans of similar size and industry, and use multiple recordkeeper datasets to extract the optimal value from the sponsors’ time and efforts.

Stephanie Hunt, Senior Retirement Plan Consultant at OneDigital, was featured in the webinar series produced by PLANSPONSOR, to provide insight on benchmarking retirement plan data to compare progress to the plans’ goals and against similar peers, allowing the employers to measure and define success in reaching retirement plan goals and to measure the plan’s success more precisely.

When discussing best practices for benchmarking, Hunt stated:

Most companies we work with, they just tend to focus on benchmarking the fees, because that is the easy thing and that is where the lawsuits are. That has just generally been the focus, but to really drill down into gender and race and the plan design, comparing it to what others are doing, that’s definitely where we would love to see more companies get to.
 
— Stephanie Hunt, CPFA®, Senior Retirement Plan Consultant, OneDigital Retirement + Wealth

To learn more about plan benchmarking, read the full article here: Plan Progress Webinar Series: Plan Benchmarking.

Investment advice offered through OneDigital Investment Advisors LLC., an SEC-registered investment adviser and wholly owned subsidiary of OneDigital.

The post Stephanie Hunt Shares Insight with PLANSPONSOR on the Importance of Plan Benchmarking appeared first on OneDigital.

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