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Portico Releases Fee Disclosure Guide

September 27, 2013 (PLANSPONSOR.com) – Portico Wealth Advisors released a report to educate plan sponsors about new fee disclosure and analysis requirements.

By PLANSPONSOR staff editors@plansponsor.com | September 27, 2013

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.  

In 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.

“Our Fee 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.

Companies 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.

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