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Avoid Getting Sheared by Revenue Sharing (PDF)
Lockton
Aug. 2, 2017 "Far too often, employers evaluate recordkeeper capabilities and fees through an RFP process, establish new relationships with vendors whose fees and services fit their needs -- and then they put the fee monitoring process on the back burner. It isn't until many years later that someone -- hopefully not a representative of the [DOL] or a plaintiff's attorney -- points out to them that the recordkeeper's fees have become excessive. That's the problem with revenue sharing in a nutshell, because it's 'out of sight,' it often falls 'out of mind.' " MORE >> |
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