Webinars

  February 16, 2010 at 02:00 PM ET

How hot a topic are 401(k) plan fees these days? Consider the following:

• In November 2009, Caterpillar Inc. announced a $16 million settlement over the fees it charged its 401(k) plan participants.
• This “watershed” moment was followed days later by a ruling by the U.S. Appeals court sending a class-action suit against Wal-Mart over plan fees, back to the courts.
• Congress is contemplating additional regulations around fee disclosure to emphasize the need to make sure that all fees are reasonable. AND, the new Form 5500 Schedule C is placing new requirements on service providers to make sure that all pertinent fees and collected and classified.

If that weren’t enough, recent research from the Spectrem Group has found that fees are now the # 1 reason retirement plan sponsors switch providers, surpassing poor service for the first time since it began tracking this data in 1989.

With this important fiduciary topic getting more attention than ever, it’s critical that prudent plan sponsors learn how to benchmark their fees to ensure they are getting a good deal for the money they and their participants spend on their 401(k) plan.

To get the lowdown on how to analyze and benchmark fees, join IOMA and two experts in the field for a comprehensive look at the process and the steps plan sponsors are taking to ensure that their plans are on track. In just 90 minutes, you’ll get the knowledge you need to not only avoid paying unreasonable fees, but also how to avoid the growing risk attached to this hot-button issue for benefits personnel.

Attend this interactive webinar on Tuesday, February 16th, and you will learn:

• What does the law require with respect to fees?
• What have the recent fee lawsuits taught us?
• What fee information is available on the new Form 5500?
• What fee information—including the range of fees different sized plans are paying—is available in the marketplace from sources like the 401(k) Averages Book or Fiduciary Benchmarks?
• What support, services, and success measures should you weigh against those fees?
• What to do if you realize you’re paying more than you should: the extent to which plan sponsors renegotiate fees and how you and your advisor/consultant can negotiate fees

Plus, get answers to all your toughest questions in the LIVE Q&A session following the presentation—AND, you can invite your entire team, for one low price. Your single paid registration entitles you to as many participants as you wish in a conference room setting.

Register today for just $275. IOMA subscribers pay only $245. Unable to attend? Order the CD today!

FEATURED FACULTY

David Huntley
Principal, HR Investment Consultants, Co-Author, 401(k) Averages Book

Tom Kmak
CEO and Cofounder, Fiduciary Benchmarks, Inc.