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401(k) Plan Revenue Sharing Accounts for Plan Sponsors: Don't Choke on Your Piece of the Pie!
McKenna Long & Aldridge LLP Link to more items from this source
July 3, 2014
"It may sound like your service provider is offering 'free money' when it offers to share part of its revenue sharing payments. But do not jump on the offer without taking the time to satisfy your fiduciary duties, which requires a careful consideration of how the arrangement works, the service provider's role, and the reasonableness of the service provider's compensation.... How [are] revenue sharing amounts credited?... Does plan document language prohibit/prevent revenue sharing accounts? ... Can the plan sponsor receive revenue sharing payments instead of the plan? ... Is service provider compensation reasonable and trackable?"

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