Are fee policy statements the future for plan sponsors?

A green button with the word 401k on it

I was recently included in a PlanSponsor.com article examining a new trend – fee policy statements. Serving a similar purpose to investment policy statements, a fee policy statement would provide a guide for plan sponsors to follow in order to better manage expenses associated with retirement plans.

I offered that fee policy statements are an emerging best practice and a natural result of the emphasis on fees brought on in part by the Section 408(b)2 and 404(a)5 fee disclosure requirements of the Employee Retirement Income Security Act.

For more on how a fee policy statement works and how the document is created, check out the entire article through the following link, “Fee Policy Statements.”