--- title: PlanFees | News (3) description: Keep up on the latest news from PlanFees, a better way to benchmark retirement plan fees (3) --- # 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 ![Holding hands at sunset](https://news.planfees.com/hubfs/holding-hands-at-sunset-.webp) [Fee Benchmarking,](https://news.planfees.com/tag/fee-benchmarking) [Benchmarking](https://news.planfees.com/tag/benchmarking) ### [Benchmarking to Build Trust](https://news.planfees.com/benchmarking-to-build-trust) No matter how impressive your credentials, the foundation of every advisor-client relationship is trust. According to Edelman, a leader in the communications and public relations space, trust is a core pillar of business success. This is true for the largest multinational corporation down to a small firm or solopreneur. [Read More](https://news.planfees.com/benchmarking-to-build-trust) ![Healthy bowl with vegetables on table](https://news.planfees.com/hubfs/healthy-bowl-with-vegetables-on-table-.webp) [ERISA,](https://news.planfees.com/tag/erisa) [Fees](https://news.planfees.com/tag/fees) ### [Court Gives Humana a Clean Bill of Health in ERISA Case](https://news.planfees.com/court-gives-humana-a-clean-bill-of-health-in-erisa-case) Plaintiffs in a recent ERISA lawsuit against health insurance giant Humana didn’t get the diagnosis they hoped for. Initially filed in 2021, the suit went through multiple attempts at prior dismissal that, early on, looked promising for the plaintiffs. But in May of 2024, a district court judge dismissed the case, citing a lack of sufficient evidence, and declared Humana’s plan fit. Key to the company’s clean bill of health was its frequent benchmarking and solicitation of an RFP, underscoring the importance of robust documentation and proactive measures when it comes to maintaining reasonable fees. [Read More](https://news.planfees.com/court-gives-humana-a-clean-bill-of-health-in-erisa-case) ![Green Mercedes Interior](https://news.planfees.com/hubfs/green-mercedes-interior-.webp) [PlanFees,](https://news.planfees.com/tag/planfees) [Fees,](https://news.planfees.com/tag/fees) [Litigation,](https://news.planfees.com/tag/litigation) [Benchmarking](https://news.planfees.com/tag/benchmarking) ### [Suit Alleges Auto Parts Supplier Fails to Steer Clear of High Fees](https://news.planfees.com/suit-alleges-auto-parts-supplier-fails-to-steer-clear-of-high-fees) After several bumps in the road, a class action ERISA suit against the auto parts supplier Magna International has finally reached a settlement. The suit, which alleges that approximately 20,000 workers were adversely affected by underperforming funds and high fees, took the long road in reaching its destination. While details of the settlement are still pending, the plan in question had more than $1.6 billion in assets under management at the time of filing.  [Read More](https://news.planfees.com/suit-alleges-auto-parts-supplier-fails-to-steer-clear-of-high-fees) ![Russian nesting dolls](https://news.planfees.com/hubfs/russian-nesting-dolls-.webp) [PlanFees,](https://news.planfees.com/tag/planfees) [Benchmarking](https://news.planfees.com/tag/benchmarking) ### [The Benchmarking Solution for Plans of Any Size](https://news.planfees.com/the-benchmarking-solution-for-plans-of-any-size) From a small family-owned business to a multinational corporation, every client — and plan — deserves the highest level of service. But the specific offering appropriate for each plan can depend largely on its size, and the fees for investments and services can range widely. By leveraging the power of negotiation, advisory know-how and frequent benchmarking, you can help keep fees reasonable for clients no matter how large or small their plan. Here’s a breakdown of how fees can differ between plans based on size. [Read More](https://news.planfees.com/the-benchmarking-solution-for-plans-of-any-size) ![Exterior of Emergency Room](https://news.planfees.com/hubfs/exterior-of-emergency-room-.webp) [PlanFees,](https://news.planfees.com/tag/planfees) [ERISA,](https://news.planfees.com/tag/erisa) [401(k),](https://news.planfees.com/tag/401k) [Litigation](https://news.planfees.com/tag/litigation) ### [United Surgical Partners Suit Flares up Again](https://news.planfees.com/united-surgical-partners-suit-flares-up-again) As of March 2023, United Surgical Partners International’s 401(k) plan seemed to have a clean bill of health. A prior lawsuit alleging that the Texas-based ambulatory care company neglected its fiduciary duty by maintaining low-performing, high-cost funds in its 401(k) plan had been dismissed not once, but twice. The second opinion, however, didn’t stick. By April 2024, the company’s legal situation became more uncertain, as a federal appeals court reversed that decision and allowed the suit to proceed. The case illustrates the sometimes-protracted nature of ERISA litigation and highlights the importance of proper benchmarking as one part of a prudent, multi-pronged strategy to help avoid costly and time-consuming court proceedings. [Read More](https://news.planfees.com/united-surgical-partners-suit-flares-up-again) ![Group of people around laptop](https://news.planfees.com/hubfs/group-of-people-around-laptop-.webp) [PlanFees,](https://news.planfees.com/tag/planfees) [Benchmarking](https://news.planfees.com/tag/benchmarking) ### [Crafting a Winning Finalist Presentation](https://news.planfees.com/crafting-a-winning-finalist-presentation) When delivering a finalist presentation, the key to winning new business lies beyond simply laying out facts and figures. What it requires first and foremost is a connection — an understanding of the sponsors’ point of view, their goals for the plan — and the needs of their employees. You need to make a meaningful connection between fees, investments and the essential services that will allow you to help a company achieve its strategic business objectives and deliver greater value to participants. [Read More](https://news.planfees.com/crafting-a-winning-finalist-presentation) ![Pocket watches hanging](https://news.planfees.com/hubfs/pocket-watches-hanging-.webp) [PlanFees,](https://news.planfees.com/tag/planfees) [Benchmarking](https://news.planfees.com/tag/benchmarking) ### [What Will You Do With the Time You Save Benchmarking With PlanFees?](https://news.planfees.com/what-will-you-do-with-the-time-you-save-benchmarking-with-planfees) With PlanFees, tasks that used to take hours can be completed in minutes — and price quotes that used to take weeks can be generated in under 24 hours. That gives you a valuable opportunity to enhance your level of service and build your practice. Here are just a few things you can do with all the time you’ll save.  [Read More](https://news.planfees.com/what-will-you-do-with-the-time-you-save-benchmarking-with-planfees) ![Woman waiting for train](https://news.planfees.com/hubfs/woman-waiting-for-train-.webp) [PlanFees,](https://news.planfees.com/tag/planfees) [RFP Express](https://news.planfees.com/tag/rfp-express) ### [Get (Back) Onboard RFP Express!](https://news.planfees.com/get-back-onboard-rfp-express) If you’re still lingering on the platform, it’s time to depart on a high-speed journey to revolutionize your advisory practice. RFP Express, the game-changing tool for retirement plan advisors, has revolutionized the quoting process, making it simpler, faster and more efficient for busy advisors like you to get the information you need to improve plan outcomes. Here’s a quick reminder of its unparalleled benefits and some exciting updates you might have missed. [Read More](https://news.planfees.com/get-back-onboard-rfp-express) ![Compass with Greenery](https://news.planfees.com/hubfs/compass-with-greenery-behind-.webp) [Financial Wellness,](https://news.planfees.com/tag/financial-wellness) [Fees](https://news.planfees.com/tag/fees) ### [Navigating the Fee Conversation With Plan Sponsors](https://news.planfees.com/navigating-the-fee-conversation-with-plan-sponsors) Broaching the topic of fees with plan sponsors is a data-fueled art. Transparent fee conversations can help build trust and contribute to a plan’s long-term success. As an advisor, your ability to broach fee discussions effectively — and with finesse — can elevate your practice and help you win new business.  [Read More](https://news.planfees.com/navigating-the-fee-conversation-with-plan-sponsors) ![Rocket launching](https://news.planfees.com/hubfs/rocket-launching-.webp) [ERISA,](https://news.planfees.com/tag/erisa) [Fees,](https://news.planfees.com/tag/fees) [Litigation](https://news.planfees.com/tag/litigation) ### [Defense Tech Giant L3Harris Settles Excessive Fee Suit](https://news.planfees.com/defense-tech-giant-l3harris-settles-excessive-fee-suit) In yet another ERISA-related case, aerospace and defense technology firm L3Harris found itself in the crosshairs of an excessive fee lawsuit. Plaintiffs alleged that the retirement plan’s massive size should have given them the leverage to negotiate more competitive recordkeeping and administrative options, as well as lower fees. The company recently arrived at a settlement, though not before enduring a two-year legal battle.  [Read More](https://news.planfees.com/defense-tech-giant-l3harris-settles-excessive-fee-suit) Cookie Settings