Oppenheimer Launches New Tools for Sponsors and Advisers

The tools include a guide to help participants understand plan fees and expenses, a tool to educate advisers and sponsors on regulatory and legislative updates, and a new plan review online demo.  

OppenheimerFunds Retirement Services recently introduced a new guide, “Plan Fees and Due Diligence – Considerations to Help You Manage Your Fiduciary Duties,” that discusses lessons learned from recent fee litigation and the long-term impact of excessive fees, according to a press release.  The brochure includes a worksheet to help plan sponsors evaluate plan fees and expenses.  

To help advisers and sponsors become better educated on recent regulatory and legislative changes, OppenheimerFunds Retirement Services recently launched a new program called “Form 5500 Schedule C Rules: What You Should Know as Plan Sponsor.” The program discusses the changes to the Form 5500 Schedule C and how they impact plan sponsors.  

The firm provides a quarterly plan review that contains plan demographic data, comparisons to industry benchmarks, and information on plan investments.  It has created an automated online demo to educate sponsors on how to effectively review their plans while focusing on the areas that provide the most value.  

“The online demo can help sponsors focus their efforts and address questions on how to effectively utilize a plan review,” said Gayle Leavitt, Vice President, OppenheimerFunds Retirement Services, in the announcement.