Nova 401(k) Associates
Nicholas Pension Consultants
Compensation Strategies Group, Ltd.
“BenefitsLink continues to be the most valuable resource we have at the firm.”
-- An attorney subscriber
|The Duty of Prudence and the Net Cost of Investments|
June 14, 2015
"[At] first blush [Tibble v. Edison Int'l] would seem to mean that plans should always use institutional share classes when they are available to the plan (directly or through the provider). However ... institutional shares are not always less expensive than retail shares. For example, when revenue sharing is considered (and used to reduce the expense ratio to its 'net cost), the true, cost of the retail shares may be -- and frequently is -- less expensive."
|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).|