Fee "Reasonableness"

[DMcGovern]

Plan Sponsors should have (hopefully) received the service provider fee disclosures by now and are supposed to document their review of these disclosures for reasonableness. This may be a time-consuming and difficult task for many (all?) of the Plan Sponsors.

I have only seen a couple of independent benchmarking services out there, and that would add yet another fee for Plan Sponsors. Just curious what others are doing, if anything, to assist the Plan Sponsors in this review?

Thanks!