Framework for Defined Contribution: Fees

In this course, Jamie McAllister, a senior defined contribution consultant, discusses various aspects of DC (Defined Contribution) fees. The course covers:

• The DC Fee landscape, focusing on the record keeper universe and its consolidation over the past 15 years as well as the impact of these consolidations.
• The different types of fees including plan-level administrative fees, participant-level transaction fees, investment management fees, and indirect fees.
• The types of fee structures and best practices for evaluating and managing these fees.
• The importance of regular fee reviews and indirect revenues such as managed accounts, brokerage windows, and float income in determining the overall fee landscape.

The course wraps up with a case study exemplifying how fee studies are conducted, comparing fees across record keepers and considering both administrative and investment management fee structures.