401k fee disclosure | DOL Fiduciary Rule
DOL Guidance for Paying 401(k) Fees from Plan Assets
One of the most common questions I get from 401(k) plan sponsors is “What 401(k) fees can I pay from plan assets?” This confusion is hardly surprising when you consider the broad range of 401(k) fees a plan can incur.
Investment costs | 401k fee disclosure | 401(k) Fees
Worried Your 401(k) Pays Hidden Fees? Answer 2 Questions to Find Out
Employers that sponsor a 401(k) plan have a fiduciary responsibility to pay only reasonable fees from plan assets. Keeping 401(k) fees in check is one of the most important 401(k) fiduciary responsibilities because excessive fees reduce investment returns unnecessarily, making a secure retirement for plan participants less affordable. Not meeting this responsibility can also mean severe consequences for the employer – including personal liability.
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