There has been a trend of increased litigation over the reasonableness of retirement plan fees, which is impacted by a lack of fiduciary responsibility. PKF Texas Audit Senior Manager, Kristin Ryan, CPA, recently published an article on the Houston Business Journal website discussing important considerations plan sponsors should be thinking about.
In her article, Kristin presents seven actionable points for plan sponsors to do for proper oversight of the retirement plan. This includes setting up a retirement plan committee, as well as holding regular meetings with fiduciaries, and more.
For the full article with more detail, visit www.bizjournals.com/houston/news/2020/12/04/keeping-401k-plan-fees-in-check-without-compromi.html.