Hello PLANSPONSOR readers! Retirement plan excessive fee litigation shows no end in sight; two more excessive fee suits were filed against universities this week. However, a new application aims to help plan sponsors negotiate better fees, and two reports show mutual fund expenses are trending downward. Enjoy this edition of PLANSPONSOR Weekend, and have a very happy long weekend!
The plan sponsor is accused of failing to leverage its size and sophistication to ensure a fair deal on recordkeeping for plan participants, among other claims.Read more >
The university is accused of not negotiating a better price for recordkeeping and retaining high cost, underperforming investments, among other things.Read more >
Plan sponsors will be required to provide much more data, as well as certifications about plan administration and governance, and limited-scope audits will no longer be so limited.
