Topic Archive: Fee Disclosure

Reasonableness Requirement Is Not New

Adam C. Pozek | 02/24/11

An article appeared yesterday on CFO.com entitled “New 401(k) Obligations Heaped on CFOs” and it carried a tagline stating “New disclosure rules abound, but pay close attention or you could be sued by plan participants.”

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The Quest for Quality & Unconflicted Expertise

Adam C. Pozek | 02/9/10

In the last few days, there have been several new media reports of professional wrongdoing.  One describes a CPA suspended for preparing a false tax return.  Another alleges a TPA firm provided conflicted advice when it referred clients to a CPA firm in which it held a stake.  Hopefully the allegations will turn out to be false, but these situations reinforce the importance of quality, unconflicted advice.

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Is Cheapest Always Best?

Adam C. Pozek | 12/7/09

This was the subject of quite a lengthy debate in the 401(k) group on LinkedIn last week.  By the end of the day on Friday, there were more than 40 comments.  While the discussion took a few twists and turns, the primary debate was whether it is ever appropriate for a plan to pay a higher fee for a service if there is a lower-cost option available.

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