Sponsors of retirement plans help employees achieve a secure financial future. Sponsoring a plan, however, also means that the employer, or someone appointed, is responsible for making important decisions about the plan's management. Fiduciary decisionmaking includes selecting plan investments or investment options and plan service providers.
Many decisions require the fiduciary to understand and evaluate the costs to the plan. This booklet from the Department of Labor is a helpful guide to better understand and evaluate a plan's fees and expenses. Click here to download.