401(k) Fees Fall, But Gaps and Questions Remain
401(k) fees continue to trend downward across the industry, driven by increased competition, wider use of low-cost investment options, and institutional pricing. Investment-related costs have...
Benchmarking Fees
Finding the Middle Path Between Advisors and Record Keepers
Growing tension exists between retirement plan advisors and record keepers as both expand into participant financial services. As defined contribution plan economics tighten — driven...
When “Co-opetition” Becomes Co-option: Why Advisor Independence Still Matters
The relationship between retirement plan advisors and recordkeepers has always involved some natural tension. But as both sides expand into overlapping territory, plan sponsors need...
Supreme Court Decision Lowers the Bar for ERISA Lawsuits Against Plan Sponsors
A recent Supreme Court decision has changed the legal landscape for plan sponsors, making it easier for plaintiffs to file lawsuits over how plans do...
Six Red Flags That Signal Your 401(k) Advisor Isn’t Worth the Cost
After 25 years of benchmarking retirement plans across Oklahoma, Terry Morgan, AIF, CPFA of OK 401k has seen some patterns that have become impossible to...
The Overlooked RPA Checkup: Why Advisors Need Reviews Too
Most plan sponsors carefully review investment managers and recordkeepers, yet rarely apply the same scrutiny to their retirement plan advisors (RPAs). It’s an odd gap—especially...
Considering a New 401(k) Provider? Tips for a Successful Switch
Making the switch to a new 401(k) service provider has the potential to significantly improve retirement outcomes and plan performance while reducing plan costs. While...
Why Retirement Plan Advisor Due Diligence is so Critical Now
Anatomy of a Recent RFP When the benefits administrator at an $80 million plan contacted TPSU (The Plan Sponsor University) recently about conducting due diligence...
Why Hire a Professional Fiduciary?
Retirement plan sponsors often grapple with the decision to hire an outside fiduciary. With regulatory scrutiny increasing in intensity and fee lawsuits continuing to proliferate,...
Annual Benchmarking Is a Must for Plan Sponsors
Evolving regulations mean plan sponsors continue to face increasing scrutiny when it comes to their fiduciary responsibilities. A recent analysis of 50,000 retirement plans in...
