September 30, 2013

Fair Revenue Sharing, Part 2

Los Angeles partner Fred Reish published his latest "Just out of Reish" column in the October 2013 issue of PLANSPONSOR.

Fred discusses the Department of Labor's guidance on allocating revenue. The DOL lays out four principles, or requisites for revenue sharing:

  • Fiduciaries must engage in a deliberative, prudent process;
  • They must weigh the interests of different classes of participants and the effect the method of allocation has on those participants;
  • The method must have a reasonable relationship to the services provided to the participants; and
  • The fiduciaries must avoid conflicts of interest.

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