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BPAS Introduces Plan Benchmarking Report
According to a press release, the Annual Plan Review
Report provides an examination of a plan’s data in
great detail, including topics such as average balances,
participation rates, fund utilization, participants
invested in the default fund, average balances by age and
compensation groups, loan utilization, and many other
considerations. The report benchmarks the plan against
industry and BPAS averages and aids financial
intermediaries in preparing for the annual plan update
meeting with plan sponsors.
“Our APRR benchmarks many aspects of each plan against industry and BPAS averages, so it becomes immediately clear what is working and what isn’t,” said Paul Neveu, Senior Vice President of Sales & Marketing, in the press release.
For more information, contact Paul Neveu at 603-580-5522 or pneveu@bpas.com , or Bob Malczyk at 315-292-6908 or bmalczyk@bpas.com .
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