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Understanding the Fees Paid by Your Governmental Retirement Plan
Best Best & Krieger LLP Link to more items from this source
Jan. 14, 2020

"[M]ost plan providers, such as recordkeepers and investment advisors, structure their fee arrangements so that they are paid a percentage of the AUM.... [T]he fiduciaries of governmental retirement plans are responsible for ensuring that the fees charged to the plan are reasonable and appropriate. The difficulty with monitoring and evaluating the reasonableness of plan fees is the considerable number of ways in which a provider can structure its compensation."

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