Overview
Andrew Liazos cautioned that, when using revenue sharing for investment management fees, retirement plan fiduciaries should show that this was better for plan participants than choosing a different class of investment (without revenue sharing) and paying the administrative fees directly. Mr. Liazos also considered float income to be a problem “where there is any sort of compensation a service provider is receiving, and there is no record of [float income] being part of [what] plan fiduciaries considered the total aggregate compensation should be.” Read the full article
