Two Approaches to Benchmarking Plan Fees A quick comparison of prices paid by plan sponsor peers can let a sponsor know if it should issue an RFI or RFP. Reported by Benchmarking retirement plan fees has become more complex in recent years, as it has moved beyond just scrutinizing recordkeeping and administrative fees, Audrey Wheat, senior specialist, vendor analysis at CAPTRUST, tells PLANSPONSOR. “Because those fees have been compressed so much, we are paying attention to all of the ancillary fees—transaction fees, material fees for fulfillment and printing, adviser or consultant fees, and fees having to do with managed accounts and advice,” Wheat says. “Plan sponsors need to make sure that all of the fees they are paying are reasonable.”