Monday, November 27, 2006

FL Sheriff Sues Nationwide Over Fees

News Articles [PLANSPONSOR.com] - FL Sheriff Sues Nationwide Over Fees

Revenue sharing is a standard practice in the industry, that doesn't make it right. It is my belief that all fees should be disclosed AND who recieves those fees. In addition those fees should be benchmarked and evaluated annually.

The reason revenue sharing is so prevalent is because most vendors DON'T want the participants to actually see the fees being paid to the vendor, if they did they would freak out.

My belief is the fees should be explicit, employees should see them and they should be educated as to what the fees are.

ScottyD
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