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The Duty of Prudence and the Net Cost of Investments
Drinker Biddle Link to more items from this source
June 14, 2015

"[At] first blush [Tibble v. Edison Int'l] would seem to mean that plans should always use institutional share classes when they are available to the plan (directly or through the provider). However ... institutional shares are not always less expensive than retail shares. For example, when revenue sharing is considered (and used to reduce the expense ratio to its 'net cost), the true, cost of the retail shares may be -- and frequently is -- less expensive."

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