This paper investigates the dissipativity and performance characteristics of the semiactive control of the base isolated benchmark structure with magnetorheological (MR) fluid dampers. Previously, the authors introduced the concepts of dissipativity and dissipativity indices in the semiactive control of structures with smart dampers and studied the dissipativity characteristics of simple structures with idealized dampers. To investigate the effects of semiactive controller dissipativity characteristics on the overall performance of the base isolated benchmark building, a clipped optimal control strategy with a linear quadratic Gaussian (LQG) controller and a 20 ton MR fluid damper model is used. A cumulative index is proposed for quantifying the overall dissipativity of a control system with multiple control devices. Two control designs with different dissipativity and performance characteristics are considered as the primary controller in clipped optimal control. Numerical simulations reveal that the dissipativity indices can be classified into two groups that exhibit distinct patterns. It is shown that the dissipativity indices identify primary controllers that are more suitable for application with MR dampers and provide useful information in the semiactive design process that complements other performance indices. The computational efficiency of the proposed dissipativity indices is verified by comparing computation times.