Why It Matters

Plan fees directly impact both your business and your employees. Higher costs can erode long-term retirement savings, and as a plan sponsor, you have a fiduciary responsibility to ensure fees are reasonable for the services being provided.

The good news is that reviewing your plan doesn’t have to be complicated—and small adjustments can make a meaningful difference.

Practical Ideas to Consider

✔ Understand all-in costs
Look beyond the obvious fees. Total plan cost includes recordkeeping, investment expenses, and advisory support.

✔ Review investment expenses
Many plans still use higher-cost share classes when lower-cost options are available.

✔ Know how your provider is paid
Revenue sharing and indirect compensation can make fees less transparent than they appear.

✔ Benchmark your plan
Comparing your plan to others of similar size is one of the simplest ways to determine if costs are reasonable.

A Common Mistake We See

Many employers assume their plan is “fine” because no one has raised concerns. In reality, plans often go years without a formal review—leading to outdated pricing and missed opportunities to improve.

A Simple Takeaway

If you haven’t reviewed your plan’s fees in the past 12–18 months, it’s worth taking a closer look. Our team can provide you a complimentary review of your plan costs,  how your funds score, and more.