Fiduciary Benchmarking of Retirement Plan Fees: A Q&A
With the introduction of retirement plan fee disclosure regulations and litigation related to plan fees, there has been significant interest in benchmarking of fees.
David Witz1 min read62 wordsWith the recent introduction of retirement plan fee disclosure regulations, coupled with litigation related to plan fees, there has been significant interest in benchmarking of fees.
What Does Fiduciary Benchmarking Entail?
- Compare similar plans – Make an apples-to-apples comparison
- Understand the fees – Dissect the fee elements in the equation
- Evaluate value – Understand what you’re getting for what you’re paying
It’s not about low fees. It’s about reasonable fees.
