During the 1999–2000 season, Parma finished in fourth place yet again, and narrowly missed out on qualifying for the UEFA Champions League after losing out to Inter in the playoff match. Parma managed their third consecutive fourth-place finish in the league during the 2000–01 season, also reaching another Coppa Italia final, only to be defeated by Fiorentina. Benarrivo managed to add another trophy to his club silverware, however, with a third Italian Cup in 2002. Benarrivo retired from professional football in 2004. With the Emilian club, he collected 257 appearances in Serie A, scoring 5 goals, and is the club's record appearance holder in the top-tier of Italian football. Following his retirement, he worked as a coach.