Understanding 403(b) Fee Structures
Presented by Silvia Frank, Trinity Health; Novi, MI
As fiduciaries, it is critically important that 403(b) plan sponsors understand the fee structure of their plans and how to consolidate assets to increase negotiating power to lower fees and provide participants with lower cost investment options. Hear examples of how plan administrators have worked with their consultants and service providers to identify and develop a procedure to address issues with fragmented plan assets and excess plan revenue. As school districts, hospitals, associations, and other non-profit sponsors aggressively explore cost-cutting measures, see how a 1% difference in the fee structure affects participants’ retirement income and your plan’s cost.
Fiduciary 101 for 403(b) Plans
Presented by Rance Buss, McConnell & Jones LLP
As 403(b) plans evolve to “look and feel” like 401(k) plans, do 403(b) plan sponsors understand what it means to be a fiduciary? Are they aware of the legal impact and potential liabilities they face when making decisions regarding their plans and the consequences of not following the process? These and other questions will be discussed and answered during this workshop by leading experts on fiduciary responsibilities as they relate to 403(b) plans. This is an essential workshop for all 403(b) plan administrators and can be used as an important first step in fulfilling your requirement as being a “prudent expert.”
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