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Changing Plan Recordkeepers Is a Fiduciary Decision: Considerations for Plan Sponsors
Data 'Points' 
Feb. 6, 2023 "[A] change in recordkeepers -- regardless of the motivating forces behind the move -- is one of those 'choices' that plan fiduciaries are expected under ERISA to evaluate as a prudent expert.... [P}lan fiduciaries can be expected to know: [1] How much your plan pays in fees. And to whom. And for what.... [2] What revenue-sharing is (and where it goes).... [3] How your investment menu might change." |
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