May 15, 2012
--- The Principal Financial Group created an online resource to
help plan sponsors understand the new retirement plan disclosure regulations. ---
Assessing Retirement Plan Value offers tips and tools for
understanding and evaluating retirement plan fees, services and overall value.
professionals can use the tool to help clients comply with a key fiduciary
obligation: evaluating whether plan fees are reasonable for the services
“There is more to
assessing retirement plan fees than comparing numbers. The better informed plan
sponsors are about the services received for those fees, the better equipped
they are to make an effective evaluation,” said Greg Burrows, senior vice
president of retirement and investor services at The Principal.
The online program
An explanation of retirement plan costs;
Tips on how to review plan services;
Help navigating cost considerations;
Tips for evaluating fee reasonableness; and
Tips for addressing participant questions.
The Principal also
has a Fee Reasonableness Review Checklist, a template financial professionals
can share with plan fiduciaries to help guide them through the evaluation