The Problems Of 401(k) Plan Provider Contracts
By EsqSocial Corporation 04/05/21
One of the best things to happen to 401(k) plan sponsors was the implementation of fee disclosure rules by the Department of Labor in 2012. Plan sponsors had a fiduciary duty to pay only reasonable plan expenses for services provided and that was an impossibility when they had no idea what their third-party administrator (TPA), financial advisor, and any other plan provider was charging. While plan sponsors now know the price of plan administration, one problem remains and that’s because the...
By: Ary Rosenbaum