12.01.2018 02.58 GMT+0000
Plan participants and representatives servicing your retirement plan may be “trapped” by hidden incentive programs.
Recordkeepers can engage in practices to mask the total revenue they obtain from plan participants. Plan sponsors need to be smarter and more aggressive in eliminating these practices.
As recordkeeping fees continue to decline, recordkeepers are becoming more resourceful. As a result, representatives servicing your retirement plan may be paid based on their ability to sell financial products to your employees. Employer beware.