--- title: PlanFees | News | Benchmarking description: Benchmarking | Keep up on the latest news from PlanFees, a better way to benchmark retirement plan fees --- # 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 Posts about: ## Benchmarking ![multi level buildings](https://news.planfees.com/hubfs/architecture-1448221_1280.webp) [Benchmarking](https://news.planfees.com/tag/benchmarking) ### [From Fee Benchmarking to Full Service Advisory Support With RPAG](https://news.planfees.com/from-fee-benchmarking-to-full-service-advisory-support-with-rpag) If you’ve been using PlanFees’ innovative suite of benchmarking solutions to monitor plan costs, document fiduciary prudence, and impress plan sponsors with professional-grade reports — you’re already ahead of the curve. [Read More](https://news.planfees.com/from-fee-benchmarking-to-full-service-advisory-support-with-rpag) ![Three pink plastic toy bricks leaning diagonally against each other on a pink background.](https://news.planfees.com/hubfs/pexels-tara-winstead-7123069.webp) [Fee Benchmarking,](https://news.planfees.com/tag/fee-benchmarking) [Fees,](https://news.planfees.com/tag/fees) [Benchmarking](https://news.planfees.com/tag/benchmarking) ### [Use PlanFees to Help Build Your Advisory Brand](https://news.planfees.com/use-planfees-to-help-build-your-advisory-brand) Why do people willingly pay double for a latte served with a fancy logo when they can get one that tastes just as good down the road in a plain paper cup? Buying decisions are often about more than quality or even cost — they’re about associated perceptions, feelings, experience, and trust. In other words, those decisions are driven largely by brand. [Read More](https://news.planfees.com/use-planfees-to-help-build-your-advisory-brand) ![Cornell Clock tower with a cloudy blue sky](https://news.planfees.com/hubfs/Cornell%20Clock%20Tower.webp) [ERISA,](https://news.planfees.com/tag/erisa) [Fee Benchmarking,](https://news.planfees.com/tag/fee-benchmarking) [Benchmarking](https://news.planfees.com/tag/benchmarking) ### [Supreme Court Lowers the Bar for ERISA Lawsuits](https://news.planfees.com/supreme-court-lowers-the-bar-for-erisa-lawsuits) In Cunningham v. Cornell University, the Supreme Court ruled that plaintiffs bringing a claim under ERISA for a prohibited transaction are not required to plead the absence of a statutory exemption at the outset. The case involved allegations that Cornell’s 403(b) retirement plan paid its recordkeepers excessive fees — reportedly up to $200 per participant annually, compared to a claimed reasonable fee of $35 per participant. [Read More](https://news.planfees.com/supreme-court-lowers-the-bar-for-erisa-lawsuits) ![Tissue Box](https://news.planfees.com/hubfs/tissue-box-.webp) [ERISA,](https://news.planfees.com/tag/erisa) [Fee Benchmarking,](https://news.planfees.com/tag/fee-benchmarking) [Benchmarking](https://news.planfees.com/tag/benchmarking) ### [Multimillion-dollar ERISA Settlement Nothing to Sneeze at](https://news.planfees.com/multimillion-dollar-erisa-settlement-nothing-to-sneeze-at) Paper products manufacturing giant Kimberly-Clark, which counts Kleenex among its many brands, recently settled a class-action ERISA suit, agreeing to pay about 15% of the alleged damages. The $2.25 million cash settlement stems from litigation that began in 2021, which alleged that the company’s 401(k) and profit-sharing plan failed to uphold their fiduciary responsibilities. Plaintiffs claimed that plan administrators allowed excessive recordkeeping and administrative fees — approximately $78 per participant — despite the availability of similar services from other providers at just over one-third the price. [Read More](https://news.planfees.com/multimillion-dollar-erisa-settlement-nothing-to-sneeze-at) ![Hung up tools](https://news.planfees.com/hubfs/hung-up-tools-.webp) [Fee Benchmarking,](https://news.planfees.com/tag/fee-benchmarking) [Benchmarking](https://news.planfees.com/tag/benchmarking) ### [Make Benchmarking Part of Your Lead Nurturing Toolkit](https://news.planfees.com/make-benchmarking-part-of-your-lead-nurturing-toolkit) It can take more than 18 months to seal the deal on a retirement plan, and it often involves multiple touchpoints. To stay at the top of your mind, you need to look for opportunities to provide value at every stage of the journey. That means showing up consistently, not just with check-ins, but with actual, actionable insights. PlanFees gives advisors an easy way to lean into opportunities with a clear, customized snapshot of how your prospects’ plan fees stack up. PlanFees can help you turn a sales pitch into a dialog where you’re adding value right from the start.  [Read More](https://news.planfees.com/make-benchmarking-part-of-your-lead-nurturing-toolkit) ![Greek War statue](https://news.planfees.com/hubfs/greek-war-statue-.webp) [Fee Benchmarking,](https://news.planfees.com/tag/fee-benchmarking) [Fees,](https://news.planfees.com/tag/fees) [Benchmarking](https://news.planfees.com/tag/benchmarking) ### [Win the Retention Wars by Benchmarking Better](https://news.planfees.com/win-the-retention-wars-by-benchmarking-better) Landing a new 401(k) plan client is no small feat. Advisors must navigate a long sales cycle as plan sponsors carefully vet providers. That’s one reason why minimizing churn in your advisory practice is so important and why a strong, proactive retention strategy is essential for long-term success.  [Read More](https://news.planfees.com/win-the-retention-wars-by-benchmarking-better) ![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) ![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) ![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) Cookie Settings