Josh Itzoe

I hope you having a great start to 2023! A few weeks ago, I  announced a slew of powerful new feature enhancements  to FiduciaryRx™ we released in December. But I also promised you that we would KEEP DELIVERING  a lot more awesome functionality over the next 4-6 weeks. And we've wasted no time to kick off the new year! This is first feature update of January and I expect another update before the month is out.  Read about the 2 latest feature updates and watch the videos below. And if you're...

Historically, most retirement plan fees have been asset-based. The industry usually tries to justify this fee structure using what I call the “we take the revenue risk” argument. The provider will try to make the case that when plan assets go down, their revenue declines and when plan assets go up, their revenue increases. They will tell you the risk of revenue reduction shifts from you and your participants to them. In bad times, they will suffer, and in good times, they will benefit. On the...

Okay, you should get the picture about 401(k) and 403(b) fee litigation trends . Large organizations are getting sued (and often losing/settling) because of fee mismanagement. Meanwhile, the pace of litigation is increasing . Here’s a key point to keep in mind: big companies are losing lawsuits despite having large, sophisticated HR and finance teams that you’d think would be knowledgeable and effective in this area. But if they have been making major mistakes, what’s the likelihood a small...