Understanding: Advisor Fees and Fiduciary Roles

Many 401(k) plans engage advisors to provide investment guidance and fiduciary support. It is crucial for plan committees to fully understand the structure of these fees and the role of the advisor. Advisor fees can be charged as a flat fee, an hourly rate, or a percentage of assets. Beyond the fee structure, committees must determine whether their advisor is acting as a fiduciary when giving advice. Understanding the advisor’s fiduciary status is critical. A fiduciary advisor is legally obligated…

Read More

Considering a 401(k) Plan Recordkeeping Review? Here’s Why It Matters

Embarking on a review of your 401(k) plan’s recordkeeping services is a proactive step that can deliver significant benefits for both your plan and its participants. Here’s how: Cost Efficiency: The market for recordkeeping services is dynamic, with new entrants often offering competitive pricing and innovative features. A periodic review could uncover opportunities to reduce costs and secure better terms, aligning more closely with your plan’s financial goals and constraints. Enhanced Services: As technology advances and industry standards evolve, new…

Read More

Understanding 401(k) Fees: How They Work and Why They Matter

Introduction: The Department of Labor offers flexibility in determining and paying plan fees, placing a significant fiduciary responsibility on Retirement Plan Committees to evaluate and document all administrative expenses. As fees can greatly influence retirement outcomes, understanding the structure of these costs is crucial for ensuring transparency and assessing their reasonableness. The Impact of Recordkeeping Fees: Recordkeeping fees and other costs play a pivotal role in managing a 401(k) plan. These expenses impact the overall effectiveness of the plan and…

Read More

Navigating Conflicts of Interest in Investment Advisory Services

Introduction In the realm of investment advisory services, the presence of conflicts of interest can pose significant challenges. One such scenario arises when an investment advisor offers an Individual Retirement Account (IRA) to a participant within a retirement plan they also advise for the plan sponsor. This white paper delves into the complexities of this situation and sheds light on the pivotal issues at play. The Conflict of Interest At the core of this dilemma is a conflict of interest…

Read More

Are you benchmarking your recordkeeping fees?

Are you benchmarking your recordkeeping fees? If not, you could be missing out on an important opportunity to improve your plan and better serve your participants. Benchmarking your recordkeeping fees involves comparing your plan’s fees to those of similar plans in your industry, with similar plan sizes and features. This allows you to determine whether your fees are reasonable and competitive, and identify potential areas for improvement. By benchmarking your recordkeeping fees, you can: – Ensure that you are paying…

Read More

Do you find your 401(k) plan fee’s confusing?

Managing Your 401(k) Fees Retirement plans commonly include funds that engage in revenue sharing, which is crediting a portion of the fund expense ratio paid by participants back to the plan. Using revenue sharing to pay all or a portion of plan administrative expenses is an acceptable practice. On the surface, this practice does not seem unfair, but unfortunately, using revenue sharing to pay plan expenses can fall far short of fair. Let’s take a look at why. Most 401(k)…

Read More

A Clearer View of Fees

Regulatory pressures, legislative pressures, and even internal company pressures all have an impact on the Plan Sponsor. Recently, there has been a multitude of lawsuits regarding the appropriateness of fees paid by participants. Fees are a complicated topic and even the most seasoned Plan Sponsors may be challenged to fully understand them fully. Plan Sponsors are held accountable not only to understand plan related fees but also to ensure that they are reasonable and transparent from an employee/participant perspective. There…

Read More

North Carolina Office:
51 Kilmayne Drive, Suite 304
Cary, North Carolina 27511
Phone: 800-479-9869

Pennsylvania Office:
McMurray Pennsylvania
Phone: 412-417-6645

In the News

Comperio Retirement Consulting named a 2020 Firm to Watch by investor.com



National Association of Plan Advisors (NAPA) has named Comperio Retirement Consulting one of the Top DC Advisor Teams in 2019, 2020, 2021, 2022, 2023 and 2024


Comperio Retirement Consulting has been named one of the largest 100 Investment Consultants in the United States according to Pension & Investments (P&I) for the past 7 years