Do you know how much your retirement plan is costing you?
Every employer retirement plan has fees, but costs can vary significantly between plans and providers. Knowing the fees in your retirement plan is one of your fiduciary responsibilities, as is ensuring that the fees are reasonable for the services you are receiving.
Employees have filed countless lawsuits against their employers over the last decade, claiming that plan sponsors failed in their duties to offer prudent investment options with reasonable fees.
To manage your risk as a plan sponsor, identifying and eliminating hidden fees is crucial.