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Why Consider Fees?

Plan fees and expenses are extremely important considerations for all types of retirement plans. As a Plan Fiduciary, you have an obligation under ERISA to prudently select and monitor plan investments as a "Prudent Experts" all investment options made available to the plan's participants and beneficiaries and the persons providing services to your plan. Understanding and evaluating plan fees and expenses associated with plan investments, investment options are an important part of a fiduciary's responsibility. This responsibility is ongoing. After careful evaluation during the initial selection, you will want to monitor plan fees and expenses to determine whether they continue to be reasonable in light of the services provided year after year.

The following is an excerpt from the publication "Understanding Retirement Plan Fees And Expenses", published by the U.S. Department of Labor Employee Benefits Security Administration:

The Department of Labor is continuing to focus on plan fees and expenses. As a result, if your plan is investigated by the DOL, they will look at the expenses being paid by your plan, both directly and through investments. Since Fiduciaries have a duty to know the fees being paid and to understand both the amount of those fees and the services being received for those fees, ignorance and/or lack of effort are tantamount to breach of Fiduciary Duty.

As a plan sponsor, you should have information in your files that shows an investigation of fees and costs, as well as an analysis or comparison to what is generally available in the marketplace. At Blue Water Capital Management, L.L.C., we believe that without this information, you cannot show that your plan has been managed prudently. There are many hidden fees, revenue sharing relationships, fee-offsets etc. that makes it a full time job to be able to make apples to apples comparisons with other plan proposals.

Blue Water Capital Management, L.L.C. can help you evaluate your plan options and since all of our fees and plan expenses are completely disclosed with no smoke and mirrors, it is a process that can easily be done. For a confidential discussion on your fiduciary responsibilities, call us at (858) 547-1810.
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