Althoughsponsors always have been conscious of fees, the trend hasaccelerated since the U.S. Department of Labor issued its 408(b)(2)regulation in 2012. (Photo: Shutterstock)
Like shoppers on Black Friday, retirement plan sponsorsare hunting for bargains on plan fees.
“Everyone wants to get the best retirement plan for the lowestpossible fee,” said Konstantin Litovsky, founder and president ofLitovsky Asset Management in Sarasota, Fla. “The big differenceamong plan sponsors is how knowledgeable they are regarding what'sgood for their plan and what's not, and how savvy they are aboutdoing their own research and what's available on the market.”
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