Ignites is reporting on a new Callan survey that found plan sponsors continue to focus on plan fees, including indirect compensation. Switching to lower cost share classes and even incorporating more CITs remain popular avenues to trim plan costs.
George Michael Gerstein advises financial institutions on the fiduciary and prohibited transaction provisions of ERISA. As co-chair of the fiduciary governance group, he assists clients with tracking, and understanding, the numerous fiduciary developments at the federal and state levels, including the rules and regulations of governmental plans. He also advises clients with respect to the fiduciary duty implications of ESG investing.