Recordkeeping Fee Benchmarking

Fiduciary training program level 3

The Employee Retirement Income Security Act of 1974 (ERISA) requires a plan fiduciary to ensure that fees paid out of plan assets are reasonable in light of services being rendered.

fee benchmarking trainingAnnually, Multnomah Group will gather fee data from the plan’s recordkeeper, produce a report outlining the fees paid for recordkeeping the plan, and benchmark those fees against peer group ranges.

This training walks committees through our process for annual fee benchmarking.

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