Recorded July 18, 2017
Best Practices for Utilization of Excess Payments, Contract Negotiations, Allocation of Credits to Plan Participants and More.
Financial institutions that provide services to a plan frequently receive payments such as 12b-1 fees and administrative services fees, oftentimes called revenue sharing payments. In light of recent high profile, multi-million dollar settlements involving these agreements, fiduciaries must ramp up scrutiny during drafting and implementation.
Listen as our authoritative panel reviews appropriate terms and enforcement of revenue sharing agreements, applicable due diligence in avoiding prohibited transaction rules, and best practices in dealing with excess payments.
The panel will review these and other key issues:
- How should revenue sharing agreements be drafted so that revenue sharing payments are not considered plan assets?
- What are the fiduciary due diligence requirements related to revenue sharing agreements?
- What are the best practices in utilizing excess revenue payments and credit allocation to plan participants?
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