TITLE

I'm Paying What for My 401(k)? …

AUTHOR(S)
Knight, Lea Ann
PUB. DATE
October 2011
SOURCE
Journal of Financial Planning;Oct2011, Vol. 24 Issue 10, p12
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
The article focuses on the regulation issued by the U.S. Department of Labor requiring 401(k) plan vendors to reveal fees to plan sponsors, and to include fee explanations on employee quarterly statements. Michael Kiley of the Plan Administrators Inc. notes the fiduciary responsibility of 401(k) plan sponsors to determine if plan fees are reasonable. Moreover, Connie Certusi of Sage Peachtree suggests for plan sponsors to acquire written explanation of their fees from their provider.
ACCESSION #
66781146

 

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