Is My Plan Too Small to Benchmark? A $3.2M Case Study

A company with a $3.2M 401(k) hadn't run a competitive recordkeeper evaluation in six years. Assets had grown, participant needs had shifted, and the market had moved — but the plan sat with its original provider on terms no one had ever renegotiated. Small plans are often told a market check isn't worth it. The duty to monitor fees has no asset minimum.

Regency ran a structured market analysis across our screened universe of recordkeepers. It surfaced a materially cheaper alternative with better participant tools, a stronger mobile experience, and a more capable service model — open-architecture screening, so the recommendation followed the plan's interest rather than a vendor relationship.

We managed the move from discovery through go-live: participant communications, data migration, and the blackout. The new arrangement delivered better service and documented savings from day one. The full case study is available to qualified plan sponsors on request.