Fiduciary Consequences of Paying Withdrawal or Exit Fees

[Christine Roberts]

Has anyone looked into the fiduciary aspects or consequences of electing to pay withdrawal or exit fees to move plan assets?

[david rigby]

Non-lawyer comment: seems like the choice of that investment (in the first place) was part of the fiduciary decision.

This discussion might be a start:

http://benefitslink.com/boards/index.php?showtopic=9656

[KJohnson]

You might also look here:

http://benefitslink.com/boards/index.php?showtopic=16129

[Christine Roberts]

Thanks to you both. I saw the thread Pax cited; I think the second thread is closer to the inquiry I was making.

Pax you are right, the existence of withdrawal or surrender charges should definitely be factored in in a fiduciary's initial decision to choose an investment provider.

[KJohnson]

Christine, there are actually three pages to the thread. The first time I posted it it only linked to the first page. I have now tried reposting it and now I think all three pages are there.