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Wave of 401(k) Lawsuits Tells RIAs What to Worry About
RIABiz Link to more items from this source
Oct. 25, 2012

"One target-rich area proved to be providers and employers who used expensive share classes when lower-cost share classes were available. In addition, attorneys have attacked employers and providers for failing to monitor record-keeping costs and for failing to negotiate rebates from investment providers -- which may be required by plan documents. now that the industry is spelling out all of its fees, it will be a breeze for participants and employers to benchmark fees, which could put a bull's-eye on advisors who blatantly charge more than their fellow RIAs."  MORE >>

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