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Fee Benchmarking Should Be a Priority in the Wake of 401(k) Plan Fee Litigation
Winston & Strawn LLP Link to more items from this source
Jan. 2, 2014
"A service provider's fee disclosure, standing alone, does not necessarily give the plan fiduciary adequate information to assess whether a fee is reasonable.... Fiduciaries should periodically solicit and review bids from at least three service providers to obtain fee and expense data and/or hire an independent consultant to conduct the search and make related recommendations."

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