Simply by eliminating all funds with commissions, 12b-1 fees, and revenue sharing from the 401k investment due diligence process can greatly reduce the fiduciary liability exposure to the plan sponsor.
Conflicts of Interest
Fee Disclosure and class-action suits have been the one-two punch that has spurred interest in greater 401k fee scrutiny.
Is the DOL about to give brokers everything they want?
They say less is more, and nowhere is that more true than in 401k participant fee disclosure.
If fee disclosure is a disease, education is the cure.
Who needs fee disclosure when you have Jerry Schlichter?
In some distant future, what fossilized evidence of poor judgment will come back to haunt unsuspecting 401k plan sponsors.
Someone who visits the doctor for a regular check-up pays more than someone who doesn’t. Guess which one is healthier.
It’s not the operating costs, it’s the shareholder fees. They’ll get you every time.
