| Recent ERISA litigation involving plan fiduciaries has focused on the appropriateness of plan fees. There is no requirement that plan costs must be the lowest possible. However, fiduciaries should be able to prove that they know what they are paying and that there is a documented process being followed to assess and monitor plan fees. Fiduciaries should also identify and eliminate potential conflicts of interest among plan providers, advisors and other parties that influence plan decisions.
The workload for this research is minimal. With your authorization, we work directly with your plan providers to gather the necessary data.
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