Retirement plan expenses – Getting better value, not just cheaper services
Abstract: During times of cost cutting, it’s understandable that plan sponsors are looking for ways to save money on their retirement plans. Sponsors may be negotiating price discounts, fund and fee ratios, and employer contributions. Yet, while containing costs is at the top of many sponsors’ minds, using an inexpensive service provider isn’t always the best option. This article reviews how plan expenses operate, whether it’s from company pockets or plan assets.