VP of Business Development Brian Raymond analyzed the consequences of falling 401(k) plan fees as quoted in the article "A 401k Plan Sponsor Fiduciary Puzzle: Are Low Fees High Risk?"
As fees have fallen in recent years, Brian argues that always picking the lowest-cost option can be problematic. He explains how "401k savers can miss out on the tools and resources required to make sound financial decisions" if other factors are not taken into consideration. Brian believes fees will continue to fall as technology improves, however, they will eventually reach the bottom.
FiduciaryNews.com provides essential information, blunt commentary, and practical examples for the ERISA/401k fiduciary, the individual trustee, and the professional fiduciary. Christopher Carosa, a well-respected speaker, author, investor, and entrepreneur with more than 25 years of experience in the trust and investment industry, serves as Chief Contributor Editor.
Read the full article here.