“How to” Analyze Fees Associated with Retirement Income Solutions

Broadridge

Selecting and monitoring of retirement income options likely relies upon the optional safe harbor from the SECURE Act of 2019, which requires consideration of fees and expenses associated with the retirement income solution.  Fortunately, Congress specifically said that fiduciaries are not required to select the lowest cost option.  This session will help fiduciaries learn to conduct due diligence and decipher the fees and expenses among solutions with both implicit and explicit fees in in-plan retirement income solutions.

Learning Objectives:

By the end of the session, attendees will be able to:

1. Understand the requirements related to fee reasonableness for selection and monitoring of retirement income solutions.
2. Identify implicit versus explicit fees in retirement income solutions. 
3. Determine how to conduct due diligence and compare implicit versus explicit fees in retirement income solutions.
4. Develop a method to communicate to plan sponsors regarding the differences between fee structures.

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