September 27, 2013 (PLANSPONSOR.com) – Portico Wealth Advisors released a report to educate plan sponsors about new fee disclosure and analysis requirements.
The complimentary report will
provide plan sponsors with a list of all service providers from which they are
required to obtain fee disclosures by the 2012 legislative changes. An
accounting of the specific services offered by the covered service providers and
a determination regarding each provider's fiduciary status and fee reasonability
are also included.
the wake of recent 408(b)2 and 404(a)5 fee disclosure legislation, companies
that sponsor retirement plans are encountering increased pressure to understand
the source and magnitude of the various fees that their participants face.
Charitable and governmental entities that sponsor 403(b) plans are under
similar scrutiny, Portico said.
Disclosure Analysis allows plan sponsors to be confident that a) all of their
fees are known and b) that the services being provided for those fees are
reasonable,” David Tarantino, principal at Portico Wealth, commented.
Portico works predominately with retirement plans with between $1
million and $50 million in total assets.
interested in learning more about Portico’s complimentary Fee Disclosure
Analysis or procuring an analysis should visit http://www.porticowealth.com or contact
Portico Principal, Jonathan Leidy, at (415) 925-8700.