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The Right Advisor

Attention Small Plans:  What does your Advisor charge?

Attention Small Plans:  What does your Advisor charge?

Conferences are a great place for us to meet with vendors and other advisors to gain insight, share best practices and identify trends.  Our goal is to gain knowledge that helps us help our clients.  I was recently reviewing the agenda for an upcoming conference and noticed a session titled, “Small Plans, Big Margins”.

Are your employees getting what they pay for?

Are your employees getting what they pay for?

Very few employers pay 100% of the cost of their 401k plans.  Most often, plan services, including the Advisor, are covered by asset-based fees deducted from participant accounts.  There is not a thing wrong with this approach, unless the participants are not getting what they pay for.