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Retirement Plan Fees Worsen Enterprise Risk: A Management Briefing (PDF)
Roland|Criss
Aug. 11, 2023 11 pages. " The focal point of [a] growing number of ... lawsuits is the compensation that employers arrange for payment to the vendors of services to the ERISA plans the employers sponsor. A crisis among retirement plan sponsoring enterprises is unfolding. The challenge facing their leaders is to ensure that operations managers are equipped with the training, guidelines, controls, and tools that elevate fiduciary risk management to its proper priority. Underestimating the economic and reputational risks related to deficiencies in the prudent management of ERISA plans threatens an entire enterprise." |
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