--- title: PlanFees | News (2) description: Keep up on the latest news from PlanFees, a better way to benchmark retirement plan fees (2) --- # News Select Category Fees Fee Benchmarking Benchmarking PlanFees ERISA Financial Professionals Insider Litigation Financial Wellness RFP Express Prospecting 401(k) Retirement Plan Advisor Fee Benchmarking Advisor Fee and Service Benchmarking News Market Volatility Press Release ![Paper hearts](https://news.planfees.com/hubfs/paper-hearts-.webp) [Fee Benchmarking,](https://news.planfees.com/tag/fee-benchmarking) [Benchmarking,](https://news.planfees.com/tag/benchmarking) [RFP Express](https://news.planfees.com/tag/rfp-express) ### [Use Benchmarking to Turn Client Relationships Into Partnerships](https://news.planfees.com/use-benchmarking-to-turn-client-relationships-into-partnerships) Building strong, strategic partnerships with plan sponsors is one of the most effective ways to elevate your practice and build your book. By evolving from a transactional approach to a more collaborative relationship, you can enhance trust and deliver better outcomes for the plan, its participants, and the organization. Benchmarking tools, such as Prism Total Fees Benchmarking, Prism365, and RFP Express can play a pivotal role in driving this transformation. [Read More](https://news.planfees.com/use-benchmarking-to-turn-client-relationships-into-partnerships) ![Hands holding money ball](https://news.planfees.com/hubfs/hands-holding-money-ball-.webp) [Fee Benchmarking,](https://news.planfees.com/tag/fee-benchmarking) [Fees](https://news.planfees.com/tag/fees) ### [80% of Plans May Be Overpaying on Fees | Don’t Let Yours Be One of Them](https://news.planfees.com/80-of-plans-may-be-overpaying-on-fees-dont-let-yours-be-one-of-them) Whether it’s a streaming subscription you forgot to cancel or a coupon you let expire before you could use it, nobody likes to find out they could’ve paid less than they did. And while a forgotten Netflix account might rack up a few extra dollars each month, excessive retirement plan fees can put participants — and the plan sponsor — in jeopardy. One recent study shows that a staggering 80% of plans are paying higher fees than they should.  [Read More](https://news.planfees.com/80-of-plans-may-be-overpaying-on-fees-dont-let-yours-be-one-of-them) ![Resolution Scrabble pieces](https://news.planfees.com/hubfs/resolution-scarbble-pieces-.webp) [Fee Benchmarking,](https://news.planfees.com/tag/fee-benchmarking) [Fees](https://news.planfees.com/tag/fees) ### [Benchmarking Resolutions | 10 Ways to Benchmark Better in 2025](https://news.planfees.com/benchmarking-resolutions-10-ways-to-benchmark-better-in-2025) As the confetti settles and the calendar flips to 2025, it’s the perfect time to set resolutions that truly make an impact — both in your personal life and your retirement plan practice. One resolution that should be on every advisor’s list is to benchmark better. Benchmarking is — or should be — more than just a compliance checkbox; it can be a powerful tool for attracting new prospects, retaining clients and delivering greater value for plan sponsors and participants.  [Read More](https://news.planfees.com/benchmarking-resolutions-10-ways-to-benchmark-better-in-2025) ![NVIDIA chip](https://news.planfees.com/hubfs/nvidia-chip-.webp) [ERISA,](https://news.planfees.com/tag/erisa) [Fee Benchmarking,](https://news.planfees.com/tag/fee-benchmarking) [Fees](https://news.planfees.com/tag/fees) ### [NVIDIA Settlement Highlights the Importance of Actionable Fee Intelligence](https://news.planfees.com/nvidia-settlement-highlights-the-importance-of-actionable-fee-intelligence) In an era where innovation drives every facet of business operations, even the most forward-thinking companies can face challenges when it comes to retirement plan fee diligence. NVIDIA, renowned for its groundbreaking advancements in artificial intelligence, recently settled a lawsuit alleging excessive fees in its 401(k) plan. The case underscores a crucial takeaway for plan sponsors: Actionable fee intelligence is an essential part of the fiduciary prudence necessary in today’s retirement plan landscape. [Read More](https://news.planfees.com/nvidia-settlement-highlights-the-importance-of-actionable-fee-intelligence) ![Graduate holding a diploma](https://news.planfees.com/hubfs/graduate-holding-a-diploma-.webp) [ERISA,](https://news.planfees.com/tag/erisa) [Fee Benchmarking](https://news.planfees.com/tag/fee-benchmarking) ### [Collegiate ERISA Suit Offers Fiduciary Lessons](https://news.planfees.com/collegiate-erisa-suit-offers-fiduciary-lessons) Boston College recently settled an ERISA suit, bringing to a close a two-year legal challenge over the management of its retirement plan. In 2022, two former employees alleged that the plan failed to meet fiduciary expectations, citing high fees and questionable investment options. Although the school denies any wrongdoing, the allegations highlight the increasing pressure on institutions to keep their retirement plans cost-effective and prudently managed.  [Read More](https://news.planfees.com/collegiate-erisa-suit-offers-fiduciary-lessons) ![Business Trends and Graphs](https://news.planfees.com/hubfs/business-trends-and-graphs-.webp) [Benchmarking](https://news.planfees.com/tag/benchmarking) ### [Trends in Advisor Compensation](https://news.planfees.com/trends-in-advisor-compensation) Advisors across the retirement plan industry often grapple with questions about compensation models. Whether it’s determining how much to charge based on assets or deciding when to use a flat fee, these decisions are made even more complex due to evolving technology, industry changes and rising client expectations. [Read More](https://news.planfees.com/trends-in-advisor-compensation) ![marketing graphic](https://news.planfees.com/hubfs/marketing-graphic-.webp) [Fee Benchmarking,](https://news.planfees.com/tag/fee-benchmarking) [Prospecting,](https://news.planfees.com/tag/prospecting) [Benchmarking](https://news.planfees.com/tag/benchmarking) ### [Essential Marketing Tips for Retirement Plan Advisors](https://news.planfees.com/essential-marketing-tips-for-retirement-plan-advisors) Building brand awareness is key for any retirement plan advisor. To stand out in a crowded marketplace, it’s crucial that advisors not only differentiate their offering but also create a connection with their target audience. [Read More](https://news.planfees.com/essential-marketing-tips-for-retirement-plan-advisors) ![New York street Nordstrom sign](https://news.planfees.com/hubfs/new-york-street-nordstrom-sign-.webp) [ERISA,](https://news.planfees.com/tag/erisa) [Fees](https://news.planfees.com/tag/fees) ### [Luxury Retailer Accused of Unfashionably High Retirement Plan Fees](https://news.planfees.com/luxury-retailer-accused-of-unfashionably-high-retirement-plan-fees) According to an ERISA lawsuit recently filed against Nordstrom, it’s not just the handbags that come with a hefty price tag — the suit alleges their retirement plan fees were excessive too. Plaintiffs say the luxury retailer overcharged employees for administrative services and misused the forfeiture funds of former workers as well. While the suit is still pending, some of the details have already hit the runway.  [Read More](https://news.planfees.com/luxury-retailer-accused-of-unfashionably-high-retirement-plan-fees) ![Earth in space being held in hand](https://news.planfees.com/hubfs/earth-in-space-being-held-in-hand-.webp) [Fee Benchmarking,](https://news.planfees.com/tag/fee-benchmarking) [Benchmarking](https://news.planfees.com/tag/benchmarking) ### [Preparing Your Retirement Plan Practice for Tomorrow](https://news.planfees.com/preparing-your-retirement-plan-practice-for-tomorrow) In the future, the way retirement plan advisors operate could look as different as a flying car does from a horse-drawn carriage. And while you might not be soaring through the skies to your next retirement plan committee meeting just yet, the landscape of retirement planning is evolving rapidly. [Read More](https://news.planfees.com/preparing-your-retirement-plan-practice-for-tomorrow) ![man yawning](https://news.planfees.com/hubfs/man-5522892_1280%20(1).webp) ### [PNC Prevails in ERISA Suit — “Boring” Benchmarking Wins the Day](https://news.planfees.com/pnc-prevails-in-erisa-suit-boring-benchmarking-wins-the-day) In its commercials, PNC likes to say it’s “brilliantly boring,” emphasizing that it strives to be “boring” with customers’ money. The company, whose plan has about $8.1 billion in assets according to its most recent Form 5500 filing, prevailed in a recent ERISA lawsuit by sticking to the basics: regular benchmarking, thorough reviews and consistent oversight. It turns out that when the stakes were high, the “boring” work won the day against an expert witness who may have been more flash than facts. [Read More](https://news.planfees.com/pnc-prevails-in-erisa-suit-boring-benchmarking-wins-the-day) Cookie Settings