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ERISA Fiduciary Guidance: Fairness for Defined Contribution Fees
Bond, Schoeneck & King Link to more items from this source
June 24, 2014
"Paying plan administrative costs with asset-based fees presents issues of fairness and can be problematic if not followed carefully over time ... Suggestions include capping asset-based fees at a dollar amount per participant, or agreeing on a flat administrative cost per year.... individual account plan service agreements and fee structures should not be once-negotiated and left on auto-pilot."

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