Many vendors, including some of the biggest names in the business, claim that they offer free 401(k) and 403(b) administration to employers. Benefit consultant Mike Kiley presents real-world case studies of two companies who have what they believe to be “free” 401(k) plans from national vendors and reveals how the hidden fees and undisclosed expenses associated with the plan are costing every employee hundreds of dollars.
In this 30-minute presentation, Mike provides a snapshot, with real-world data, how those costs breakdown and how a future of fee transparency with IRS regulation 408(b)(2) will help plan sponsors and their fiduciaries to understand why “free” isn’t really so.
Speaker: Mike Kiley, retirement plan design consultant
Presented: Thursday, October 27, 2011.
If you or your company would like to schedule a private presentation for your plan committee, please contact us at education@nyhart.com.
Nyhart, one of the nation’s largest independent actuarial and employee benefits consulting firms, is pleased to present educational programs for your organization’s executive team or employee benefits committee.