401(k) Fridays Podcast

Episode Description It should be no surprise that 401(k) plan fees have been the hot topic of discussion amongst both plan sponsors and the industry.  With fee disclosure regulations, a growing number of lawsuits and the press all swirling around the issue the need for plan fiduciaries to have a process to both understand and evaluate plan fees for reasonableness has never been more important.  My guest, Tom Kmak, the CEO and co-founder of the firm Fiduciary Benchmarks which provides independent, comprehensive and informative fee benchmarking services is in a unique position in this conversation, over the past 9 years they have evaluated and benchmarked the fees of over 80,000 retirement plans.  During our conversation, Tom specifically shares his experience and perspective on how to create a meaningful fee benchmarking process.  As a 30 year industry veteran, he also shares great stories, analogies and opinions to help employers understand and process some of the more controversial and complex topics around