Helping plan sponsors ensure fees are fair and reasonable.
Many service providers and mutual fund companies make their fees purposefully difficult to understand. As plans grow, if there’s no advisor advocating for the client, fee schedules can become uncompetitive. Too often, participants are paying too much for both investments and services. Fee analysis includes benchmarking current fees, regardless of their source. GBB 401(k) advisors help plan sponsors better understand and negotiate: Total amount of fees the plan and participants are paying Source of different costs across the plan If your current fee arrangement is fair and reasonable Ensuring that plan fees are reasonable and documenting the work to check is one of the plan sponsor’s core responsibilities as a plan sponsor and fiduciary. GBB retirement plan advisors have the infrastructure in place to ensure plan fees are reasonable.