Business man looking at question mark sketch on the wall

Retirement Plan Fee FAQs

Retirement plan fees have garnered increased attention in recent years due in part to a growing number of lawsuits filed against employers. Since 2020, more than 170 excessive fee suits have been filed in the U.S., leading to tens of millions of dollars in settlements.

Read More
Portrait surprised businessman looking on smart phone holding calculator unexpected financial bills charges

Why Fees Matter More Than Ever

One of the primary duties of retirement plan advisors is to help ensure their clients’ fees remain reasonable. But between volatile markets, seismic shifts in American household finances, increased fee litigation and changes within the 401(k) industry itself, it’s become even more critical to keep a watchful eye on fees. 

Read More
woman in a field measuring success

Advantages of Becoming a Fiduciary

Acting in a fiduciary role can help you elevate your retirement plan practice and provide higher touch service to sponsors. Understanding the different types of fiduciaries, advantages of becoming one and tools available to address fiduciary responsibilities is key for advisors looking to expand their services — and grow their book.

Read More
Businessman running on ladder leading to financial success

Level Up Your Prospecting Game With PlanFees

PlanFees helps successful 401(k) advisors “benchmark better” and mitigate fiduciary risk. But you can also use our suite of innovative benchmarking tools to “prospect better,” nurture leads and build your professional practice. It’s as easy as 1-2-3.

Read More
Lady justice statue on a desk with a person writing on a document

Not All Excessive Fee Cases Are 401(k) Lawsuits

Held by schools and other tax-exempt organizations, 403(b)s used to be highly dissimilar to 401(k)s — with fewer rules and requirements. And by far, the majority of high-profile excessive-fee lawsuits have targeted 401(k)s. But a recent suit against Northeastern University’s 403(b) is a strong reminder that all retirement accounts mandated under ERISA to keep fees reasonable are at risk. 

Read More
Adviser standing and presenting results and report of a multinational company

Fees and Fiduciary Duty

Plan fiduciaries have many important responsibilities to uphold. And they must act solely in the interest of participants and their beneficiaries. To that end, they have to prudently manage investments, administer the plan properly, monitor service providers and much more. 

Read More