Keeping 401(k) plan fees in check without compromising quality service

Let’s first take a look at the facts. We’re continuing to see an influx of litigation over the reasonableness of retirement plan fees. While most of the lawsuits involve investment fees, we’re also seeing increased scrutiny as it relates to the reasonableness of service provider fees. In the auditing world, this correlates with increased focus on quality retirement plan audits. At the crux of the issues is fiduciary responsibility or the lack thereof.

So, what should you do as a plan sponsor?…