Subscribe to Free Daily Newsletters
Post a Job

Featured Jobs

Retirement Plan Administration Consultant

(Edina MN / Telecommute)
Sales - 401(k) / DB Administration

Farmer & Betts, Inc.
(Tacoma WA / AL / FL / GA / IA / IL / IN / MD / MN / MO / NC / OH / OK / PA / TN / TX / VA / WI)
Senior Pension Consultant

The Ryding Company
(Westlake Village CA)
Retirement Plan Administration Manager

(Fort Worth TX)
ESOP Administrator

Blue Ridge ESOP Associates
(Charlottesville VA / Telecommute)

Free Daily News and Jobs

“BenefitsLink continues to be the most valuable resource we have at the firm.”

-- An attorney subscriber

Get the BenefitsLink app LinkedIn

<< Previous news item   |   Next news item >>

[Guidance Overview]

2/17/2014: Compliance with DOL Disclosure Regs and Regular Monitoring Can Stop Fee Litigation (PDF) (Alston & Bird, LLP, via Bloomberg BNA)

"[P]laintiffs have argued that even if the overall fee is in line with industry averages, the fiduciaries breached their duty if they did not get a breakdown of the portion of the attributable to each service.... Plaintiffs have also alleged that fiduciaries were asleep at the switch when competitive bids were not periodically obtained and/or fees increased substantially as the value of plan assets rose with no corresponding increase in service.... [T]he key to avoiding fee litigation is likely to be compliance with the DOL's regulations regarding disclosure coupled with a prudent process for evaluating fees."

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 link above).
An important word about authorship: BenefitsLink® is providing a hypertext link to the item shown above, but is not the author of the item (unless otherwise specified).
© 2020, Inc.