Nova 401(k) Associates
Nicholas Pension Consultants
Compensation Strategies Group, Ltd.
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|Reducing the Risk of an Excessive Fee Lawsuit: Plan Committee Checklist|
Euclid Specialty Managers
Aug. 12, 2021
"The best defense is to reduce your chance of being targeted by:  offering only the lowest-cost institutional share class investments;  offering primarily index investment options, particularly for the target-date suite;  requiring the plan sponsor to pay all recordkeeping fees, or ensuring that plan recordkeeping fees are on a low, flat, per-participant structure that does not increase as plan assets grow; and  requiring a full RFP on a regular basis, but at least once every three years."
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