Featured Jobs
|
Pattison Pension
|
|
Defined Benefit Plan Consultant/Actuarial Analyst Sentinel Group
|
|
Strategic Retirement Plan Consultant Retirement Plan Consultants
|
|
MAP Retirement
|
|
Plan Administrator, Defined Benefit & Cash Balance The Pension Source
|
|
Regional Vice President, Sales MAP Retirement
|
|
BPAS
|
|
DWC - The 401(k) Experts
|
|
MAP Retirement
|
|
Sentinel Group
|
|
Retirement Relationship Manager MAP Retirement
|
Free Newsletters
“BenefitsLink continues to be the most valuable resource we have at the firm.”
-- An attorney subscriber
|
|
|
|
Monitoring Service Provider Compensation Is Continued Focus of Audits and Litigation (PDF)
Buck
Mar. 24, 2013
"[T]he fiduciary should re-evaluate the total compensation paid for plan services in light of [any] new information. If the additional income is significant, it may cause the current fee structure to no longer be 'reasonable'. At that point, further action on the part of the fiduciary may be necessary to reduce other fees to bring the total compensation in line. Depending on the length of time involved and the amount of the undisclosed compensation, it may be necessary to restore earnings back to the participants."
|
| Please click here to report this link if it is broken (for example, if you see a "404 File Not Found" error message after you click on the linked news item's title). |
| An important word about authorship: BenefitsLink® created this link to the news item, but we are not the news item's author (unless expressly shown above). |