One-third of sponsors of plans with 50 to 200 participants admittedto not knowing if revenue-sharing agreements were in force, andmore than 25 percent of sponsors of plans with 200 to 1,000participants said they were unaware. (Photo: Shutterstock)
Many sponsors of 403(b) defined contribution plans remain in thedark on how retirement plans are administered and paid for,in spite of a bevy of high profile fiduciary lawsuits against eliteuniversities.
According to a Plan Sponsor Council of America survey, more than30 percent of non-profit sponsors don't know if they use revenuesharing to pay for plan administration.
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Nick Thornton
Nick Thornton is a financial writer covering retirement and health care issues for BenefitsPRO and ALM Media. He greatly enjoys learning from the vast minds in the legal, academic, advisory and money management communities when covering the retirement space. He's also written on international marketing trends, financial institution risk management, defense and energy issues, the restaurant industry in New York City, surfing, cigars, rum, travel, and fishing. When not writing, he's pushing into some land or water.
