Excessive Fee Lawsuits Keep on Coming

We’re now one month into 2016, and on pace to see more excessive fee lawsuits this year than in any previous year.  Schlichter, Bogard & Denton out of St. Louis has filed yet another law suit against a retirement plan sponsor for imprudently selecting and retaining poorly performing mutual funds, allowing participants to be charged excessive record keeping fees, and prohibited transactions between the plan and a party in interest. Continue reading

Jeannie Manis Quoted in PLANADVISER

Jeannie Manis, Senior Marketing Specialist, was recently quoted in PLANADVISER’s article “Spreading the Word”. Jeannie discusses when to market, budgeting basics, measuring ROI and meeting compliance requirements. Read the full article in PLANADVISER to learn tips and best practices for marketing a retirement consulting practice.


PCI’s archived blog entries are dated, the rules and statutes referenced may have changed. The analysis or guidance within these blog entries may have become stale, dated, or no longer accurate. PCI will not update or change these entries to reflect the latest analysis or development.

Independent Living vs. Assisted Living: What’s the Difference?

Where do you see yourself or a loved one living during retirement? If you’re like most people, you may think of independent living and assisted living as being essentially the same in terms of living types, amenities, and care options.  However, when you peel back the layers of services and living arrangements offered by both, one can quickly to understand the differences and the benefits each has to offer. Continue reading

Vendor Monitoring: Going Beyond the Determination of Reasonableness

As a responsible plan fiduciary (RPF),  the Employee Retirement Income Security Act (ERISA) requires you  under Section 408(b)(2) to ensure that arrangements with your service providers are “reasonable” and that only “reasonable” compensation is paid for their services.  To ensure RPFs were provided the information they needed to make better decisions when selecting and monitoring service providers for their plan, the Employee Benefits Security Administration (EBSA) estimated that the final rule would cost approximately $207 million1. Continue reading