If I recall, some but not all of the Benchmark DACs have USB input built in. Also, most iMacs have mini-TOSlink output, so even if there is no USB input on the DAC, you would still be able to make things work.
So it'll work. Whether it is of high quality or not or represents good value, that's a different question and no doubt entirely personal.
Do you already have a Benchmark DAC and an iMac?