Reasonable Fees for Plans and IRAs

The second of four articles brought to you by Drinker Biddle for Fiduciary Benchmarks

ThumbnailHow are reasonable fees determined for plans and IRAs? 

Service providers, including advisors, to ERISA governed retirement plans and IRAs may receive no more than reasonable compensation for their services. And the burden is on the service provider to prove, using market data, that the compensation is not unreasonable. This is true whether or not the service provider is a fiduciary.

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This article is a follow-up to Fiduciary Benchmark’s “Reasonable Fees Who's Responsible” whitepaper.