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Fiduciary Duty to Review Fees Goes Beyond Fee Benchmarking
Buck Link to more items from this source
Apr. 29, 2016
"In today's environment, even if you and your participants are pleased with your current outsourcing vendor, completing a full-scope RFP every 3 to 5 years helps you conform to additional best practices for fulfilling your fiduciary duties and can offer significant defense against fiduciary fee challenges. A full RFP can also help you identify new or creative services being offered in the market, cost savings available or a fresh approach to administrative practices: a win for everyone."

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