表格5500截止日期为10月15日th 最近已经过去了,我们在SLD做了一个深呼吸(呼!) and relaxing a bit after completing over 100 employee benefit plan audits before the deadline. Most of us take advantage of the less hectic schedules to catch up on business reading and continuing professional education. 在做这个, 我看到一篇文章,题目是, 许多小企业领导正规的购彩app下载表示对退休计划费用了解有限,皮尤慈善信托基金会. 这篇文章的基础是2018年5月皮尤进行的一项调查.

The survey addressed questions to small and midsize business leaders regarding familiarity with their retirement plan fees and the related fee disclosure notifications. 一些关键的结果是:

  • Only 19% of respondents indicated they were “very familiar” with their retirement plan fees.
  • 大约三分之一的受访者, 34%, 表示他们对该计划的费用“一点都不熟悉”.
  • 而49%的受访者表示,他们已阅读并理解该计划的费用披露信息, 44%的正规的购彩app下载说他们没有读过这本书.
  • Respondents were evenly split as to whether additional information about fees would be useful.

The article then went on to discuss various initiatives to improve the fee disclosure information to make it 更加透明 and easier to understand.

调查结果对我们来说并不意外. 在我们的审核过程中, we have discussions with plan sponsor management and review the fee disclosure notifications. 因此, we are well aware of how complicated fee arrangements can be and how difficult it is to understand the disclosure information.

It is also evident to us that a large number of plan sponsors do not completely understand the fee arrangements in place. This makes it difficult for them to meet their fiduciary responsibilities to ensure only “reasonable” fees are paid by the plan. Sponsors can be personally liable, so a good understanding of the plan fees is critical.

Although the Pew article did not directly endorse simplifying the fee disclosures as the best way to help sponsors improve their knowledge about plan fees, 这是唯一被讨论的“解决方案”, 这可能会让正规的购彩app下载认为皮尤是这么认为的.

而简化费用披露的努力可能是一项有价值的努力, 也许有更好的方法来帮助赞助商了解所支付的费用. 例如,简化收费安排可以解决根本问题. 如果费用结构复杂,细节就很难理解. Less complex and 更加透明 fee arrangements would be easier to describe in the disclosure notifications and be more readily understandable. 更清晰, 赞助商将能够更好地评估计划费用, 因此, 能够更好地将计划成本保持在一个合理的水平.

我们向我们的客户推荐这一策略, 建议他们保持事情简单,并利用提供者(e.g. 记录保管正规的购彩app下载、第三方管理正规的购彩app下载员、保管正规的购彩app下载、顾问等.),只收取直接费用. 简单直接收费安排的三个常见特点包括:

  • 没有收入共享.
  • 使用低成本份额类的共同基金或其他低成本基金, 比如集体投资信托.
  • Administrative service providers who charge direct fees based on participant headcount, 而不是计划中的资产.

While it may appear that this recommendation would be readily embraced, this is not always the case. 当一个赞助者在很长一段时间内使用复杂的安排时, 惯性会让任何改变都变得困难. 另外, some companies prefer more complicated arrangements because costs can be pushed to the participants in a non-transparent manner. 直接安排, the fees charged to participants are shown as a direct charge to the participant’s account and are, 因此, 更加透明. 即使参与者最终支付的费用更少, 透明度使得他们更有可能抱怨. 然而,这个问题可以通过参与式教育来解决.

总之,我们建议简化收费安排. 如果正规靠谱的彩票app费用安排简单, 相关的披露也会更容易理解. This will enable plan fiduciaries to meet their responsibilities with respect to ensuring the fees paid by the plan are “reasonable.“如果安排复杂的话, the related disclosures will be difficult to understand—no matter the effort to “simplify” them.