An Investigation of Administrative Fees in Defined Contribution Plans
研究了固定缴款退休计划中第三方管理机构的行政费用，强调确保费用返还以避免过高成本，对计划发起人应对监管变化有参考价值。
The administration of defined contribution retirement plans is generally outsourced by plan sponsors to third-party financial institutions, resulting in two primary types of plan fees. Although investment fund fees in defined contribution plans have been heavily scrutinized, the administrative fees paid to third-party plan administrators are less well understood. The authors highlight the importance of securing fee reimbursements from third-party plan administrators to avoid excessive administrative fees, as well as situations in which the plan sponsor must be particularly careful to ensure that such reimbursements are secured. The authors’ findings have important implications as the scrutiny of plan fees intensifies with continued regulatory change.