ING revealed Tuesday updates to its annual Defined Contribution Plan Review for its plan sponsor clients which will now offer industry benchmarks for comparison.
ING officials say the plans updates will provide more information to their clients to ensure that the plan is performing well against industry standards.
“The sponsor’s role as fiduciary of their retirement plan grows more complex every year,” said Lou Bachetti, senior vice president and head of sales, ING Defined Contribution. “At ING, we want to help make it easier for them to manage their plan and help monitor their fiduciary liability.”