The War on Retirement Plan Fees: Is Anyone Safe?

Fiduciaries of retirement plans of all sizes are being sued as the wave of excessive fee claims continues to grow. Could you be next?

Almost every employer that sponsors a retirement plan should be concerned about potential liability for a type of exposure known as excessive fee claims. Historically filed against only the largest organizations, an increasing number of smaller retirement plans have faced excessive fee litigation over the past couple of years. With this surge in litigation, it’s important that all fiduciaries, regardless of plan size, understand the history and recent trends relating to excessive fee claims, the plan features that may make it a target of litigation, and steps fiduciaries can take that may reduce exposure to excessive fee claims. Continue reading.

Source: Groom Law Group
7-minute read.