Many employers are unaware of the responsibilities required of them and the related risks involved in managing their retirement plans. With ERISA litigation increasing around excessive 401(k) fees, our Ask the 401(k) Professionals Webinar Series is designed to educate plan sponsors on their duties, how to manage them and how this can impact both the association’s bottom line and your employees’ account balances.
Plan fiduciaries must have a solid understanding of what their retirement plan’s fees are and determine if they are reasonable. The task can be difficult with the information buried in multiple pages of disclosures and how does a sponsor determine if the fees are reasonable? We’ll discuss where to find the information to determine your current fee structure, what conversations and questions to ask your plan provider and advisor so you can fulfill one of the most important and basic tenets of ERISA fiduciary responsibilities. Join us for this webinar to learn how to identify, understand, and manage your 401(k) plan fees and the enormous impact they have on you and your employees’ account balance!
After this session, you will:
- Know what fees are associated with retirement plans and who pays the majority of them in the retirement plan
- Know decision-making tips you can deploy to help determine if your fees are reasonable
- Know the next steps to lower your retirement plan costs
Know how litigation has provided a road map for plan sponsors to follow for good plan