Posted by James F. Weber on 02.16.17
With the new rules regarding the fiduciary responsibilities of retirement plan trustees, it makes sense to request at least annually a complete detail of your plans administrative, custodial and management fees.
Historically with small plans fees could exceed 2% of the plans total assets. Currently, there are companies that provide these services for small plans for a significantly reduced amount.
Most companies do not evaluate fees as they are almost always paid by the plan.
Request a complete review of your plan’s fees today.