401k Revenue Sharing can be an Opportunity for Improvement
401k revenue sharing is an important concept for all plan sponsors and plan fiduciaries. When a company offers a 401k retirement plan, the plan fiduciaries face a variety of options on how to pay for services. One of those options includes 401k revenue sharing.
After a fiduciary education session held at UC Irvine, Founder, and CEO of The Plan Sponsor University (TPSU), Fred Barstein, spoke with Human Resources Representative, Sandra concerning how her company pays for 401k plan services. Her company has approximately 800 employees. Sandra’s company is currently considering revisions to their plan’s 401k revenue sharing arrangement.