Business Best Practices
401(k) Plan Fees- Are you getting the best deal?
Mar 20, 2015
The attention and litigation surrounding plan fees continues to grow. Plan fiduciaries are required to understand and determine that all fees contained within 408(b)(2) disclosures are reasonable. Now is the time to understand and negotiate plan fees through a well-documented process. Fiduciaries cannot examine fees in a vacuum. They have to view them in the context of design, demographics, services, and investment opportunities. Adding complexity is the fact that no two plans are the same. Ultimately fiduciary protection is all about the process. In the below recorded webinar NFP Retirement will discuss how plan fiduciaries can implement a best practices approach to understanding, documenting and evaluating plan fees to ensure the best deal for your employees.
