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Sponsors Not Yet Switching Vendors over Provider Fees
planadviser Link to more items from this source
Oct. 15, 2008
Excerpt: While plan fees remain a red-hot issue for plan sponsors, a relatively small number of sponsors say they are likely to switch to cheaper fund alternatives or move their recordkeeper business. That was a key result of a new plan sponsor fee survey, according to a news release from Callan Investments Institute Research. Noting that most sponsors have at least calculated and benchmarked their fees in the last year, the Callan researchers reported that 34.8% of sponsors say they intend to renegotiate their recordkeeping fees and 27.7% are likely to further study the issue.

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