Do any plan sponsors or providers have any experience with participants being charged asset-based fees for investments within their 401k plan? How does the arrangement work, and how has it been received by sponsors, participants, and providers?
Assuming that the compliance end of the arrangement is taken care of (e.g., participants are aware of the 'separate' fees that they will be charged for their assets in certain investments), are there any specific things from an administrative or participant communication perspective that I need to be aware of?
Thanks for any information...