The one constant in the retirement plan industry is change. The new fee disclosure requirements under DOL section 408(b)(2) legislation, when passed, would require 401(k) plan providers to disclose all fees so that workers saving for retirement can make more informed decisions about which plan is best for them. Currently, the varying level of fees is so complex that it is difficult for plan sponsors and fiduciaries to understand. In response to this, we provide access to a tool to help.
Karam Financial Group is proud to introduce the new Expense Analyzer. The Expense Analyzer is created with fee transparency in mind. Integrated with the Fiduciary Monitoring System, the Expense Analyzer produces a Fee Analysis Report, which includes the following.
The Expense Analyzer also provides a one-page Fee Analysis Summary that is presentation ready. The summary is comprehensive and easy to read, so that you can more easily understand the real costs of the plan.