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SUMMARY PLAN DESCRIPTION
OF THE
BENCHMARK 401(K) PLAN
(Effective as of January 1, 2017)15137888×13TABLE OF CONTENTS
Page
AN INTRODUCTION FOR PARTICIPANTS .............................................................................
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What is benchmark 401k plan?
A benchmark 401k plan is a comparison tool used to evaluate the performance and fees of a company's retirement plan against similar plans in the industry.
Who is required to file benchmark 401k plan?
Employers who offer 401k plans to their employees are required to file benchmark 401k plans.
How to fill out benchmark 401k plan?
To fill out a benchmark 401k plan, employers need to gather data on the plan's performance, fees, and investment options, and then compare this information to industry benchmarks.
What is the purpose of benchmark 401k plan?
The purpose of a benchmark 401k plan is to ensure that the employer's retirement plan is competitive, cost-effective, and in the best interest of the employees.
What information must be reported on benchmark 401k plan?
Information such as plan performance, fees, investment options, and participant demographics must be reported on a benchmark 401k plan.
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