Week ending May 26th, 2017 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!
Editor's choice Compliance Participants Sue Princeton Trustees for ERISA Breaches 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 > Compliance University of Chicago Faces Excessive Fee Lawsuit The university is accused of not negotiating a better price for recordkeeping and retaining high cost, underperforming investments, among other things.Read more > Products Application Aims to Give Plan Sponsors Fee Negotiating Power Josh Itzoe from Greenspring Wealth Management says FeeMetri(k)s’ goal is to make retirement plan sponsors fee experts in five minutes.Read more > Investing Mutual Fund Expenses Continue Downward Trend There was a decline in expense ratios for actively managed and index equity and bond mutual funds, ICI data shows.Read more > Investing Morningstar Reports Record Low in Fund Fees The demand for low-cost passive funds is driving a downward trend in fees for mutual funds and ETFs, according to research by Morningstar.Read more > Share the news with a friend! Pass PLANSPONSOR Weekend along—and tell your friends/associates they can sign up for their own copy.Read more >
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