Irrespective of who is to credit–or blame–in forcing sponsors to reconsider how to pay for recordkeeping, data compiled in the Plan Sponsor Council of America’s Annual Survey of Profit Sharing and 401(k) Plans shows employers are acting, particularly at the large plan level.(Photo: Shutterstock)

A white paper recently published by Vanguard exploring how defined contribution plans can pay for recordkeeping and other plan services noted an “increased scrutiny” in how fees are allocated.

Clearly, more than a decade’s worth of lawsuits brought against large retirement plans is motivating sponsors’ reconsideration, though Vanguard says regulatory requirements are also pushing the trend.

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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.

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