Compensation & Benefits Review ... - erisa …

Benefits / erisa . Compensation & Benefits Review Selecting Benchmarking Services to 42(6) 470 476. 2010 SAGE Publications Reprints and permission: http://www. Help Meet Fiduciary Requirements DOI: Marcia S. Wagner, Esq., Managing Director, The Wagner Law Group Abstract Under the Employee Retirement Income Security Act ( erisa ) of 1974, employers and other plan fiduciaries have a duty to ensure that all fees paid by the plan to its service providers are reasonable. Unfortunately, many plan sponsors are not equipped with the necessary expertise and resources to determine the reasonableness of the plan's fees .

472 Compensation & Benefits Review 42(6) also confirm that any and all fees paid with plan assets are reasonable, and the employer must make this determina-tion with the same standard that would be required of a

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