Grading the performance of your company’s retirement plan

Jul 3, 2019 | News

Imagine giving your retirement plan a report card. Is it a straight-A student or could it use some help after school? Many plan sponsors track common metrics such as benchmarked fees, participation rates and average deferral rates. But don’t stop there. A sometimes-overlooked measure is average account balance size. Knowing your plan’s asset growth rate is also helpful. Ultimately, though, good plan performance isn’t measured by any one element but by aggregating multiple data points to derive an “on track to retire” score. We can help you accomplish this.