401k Retirement Committees Spend Significant Resources on Qualified Plans
Retirement committees regularly spend significant resources when establishing and administering qualified retirement plans. The topic of fees is front and center for these committees due to the ever-present oversight by the Department of Labor (DOL). The DOL scrutiny frequently delves into the vagaries of revenue sharing.
Fred Barstein, Founder and CEO of The Plan Sponsor University (TPSU), recently caught-up with esteemed retirement plan advisor and Certified 401(k) Professional, Mr. Stuart Simchowitz, to discuss the dynamic cost structures associated with running a tax-qualified retirement plan. Mr. Simchowitz has extensive experience in working with retirement plan sponsors and retirement committees to improve outcomes for plan participants. Mr. Simchowitz addresses the state-of-confusion that exists in the minds of the plan sponsors and the confusing share classes that are available.
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