1. Examine the types of fees associated with retirement plans.
2. Identify expense and compensation arrangements for service providers of retirement plans.
3. Outline required fee disclosure requirements to maintain compliance.
When it comes to retirement plan fees, it is easy to get confused. We will explore the fundamentals of all of the plan-related fees charged to retirement plans and employers. The topics covered include mutual fund operating expense ratios, custodial fees, revenue sharing, and 12(b)(1) fees. We will also discuss fees required to be disclosed to plan participants under ERISA 404(a)(5) and to service providers under ERISA 408(b)(2).