Session Description - David Krasnow

Plans

As Human Resources professionals, you wear many hats.  If one of those hats involves your corporate retirement plan … whether it is a 401(k), 403(b) or defined benefit plan … there is always a cost involved in administering a plan.  It is important, however, to know what is reasonable.  Often those that provide investment and recordkeeping services charge fees in ways that make it difficult for the plan sponsor and the plan participants to understand the amounts they are paying for the services they are receiving.  This session will explore these fees (such as wrap fees, sub-advised fees, revenue sharing and alternate share classes) and provide tools to help you understand your particular plan better - including potential hidden charges. 

Objectives:

1. To make the HR professional a more educated and integral part of the retirement plan decisions.

2. As a fiduciary of the plan (a fiduciary is anyone that is involved with the plan), it is important to understand the costs involved with the plan to protect the company, the employees and oneself (could be held personally responsible).

3. Help to better navigate and understand the intricacies of a retirement plan to determine the success or failure of a plan - while being educated on the current events within the retirement industry.