Subscribe (Free) to
Daily or Weekly Newsletters
Post a Job

Featured Jobs

Quality Assurance Manager

Nova 401(k) Associates

Nova 401(k) Associates logo

Retirement Plan Administrator

Nicholas Pension Consultants
(Remote / Corona CA / Rancho Cordova CA)

Nicholas Pension Consultants logo

Retirement Plan Analyst/Administrator

Compensation Strategies Group, Ltd.
(Remote / Beaumont TX)

Compensation Strategies Group, Ltd. logo

Education Consultant

(Remote / Putnam Valley NY)

Pentegra logo

View More Employee Benefits Jobs

Free Newsletters

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

-- An attorney subscriber

Mobile App image LinkedIn icon
Twitter icon
Facebook icon

<< Previous news item   |   Next news item >>

Plan Sponsors: Beware Reliance on Non-Fiduciary 'Consultants'
Ron A. Rhoades, JD, CFPLink to more items from this source
Mar. 8, 2015
"[T]he plan sponsor should get rid of all revenue-sharing payments. These create insidious conflicts of interest.... A fixed fee should be negotiated for services in establishing an Investment Policy Statement ... and for assistance in selecting investments.... [T]he plan sponsor should ascertain the process for selecting asset classes and then for selecting investment products in each asset class, given the needs of the plan, its participants, or the fund.... Follow that process -- with diligence and thoroughness."

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).
© 2022, Inc.