Corporate retirement plans have become more scrutinized as companies face lawsuits, penalties, and reputation risks related to 401(k) and 403(b) plan mismanagement. Abernathy-Daley’s primary research indicates that nearly 80% of mid-to-large-sized companies are overpaying for plan administrative fees due to the lack of regular benchmarking. Without independent audits, employers may overspend and risk non-compliance with fiduciary obligations mandated by the Employee Retirement Income Security Act (ERISA).  For employee benefits professionals and financial executives, regularly benchmarking fees and services is a practical way to reduce costs, protect the organization from legal exposure, and support employee retirement outcomes. The Hidden Costs of Neglecting