Asset-Based Fees for Participants

[Guest btooz]

Do any plan sponsors or providers have any experience with participants being charged asset-based fees for investments within their 401k plan? How does the arrangement work, and how has it been received by sponsors, participants, and providers?

Assuming that the compliance end of the arrangement is taken care of (e.g., participants are aware of the 'separate' fees that they will be charged for their assets in certain investments), are there any specific things from an administrative or participant communication perspective that I need to be aware of?

Thanks for any information...

[mbozek]

What kind of fees are u referring to? Are these fees approved by DOL under the Sunamerica ruling? Second have u reviewed the fee based program with counsel for the plan? It seems that counsel is the party to ask.