If you go and read through the marketplace news on 401khelpcenter.com, you see something recurring that was unfathomable 10-15 years ago,. You have an insurance company offering an open architecture platform. You have another insurance company plan provider offering true 3(21) fiduciary services through another provider. You’ve had the price of plan service go down as a percentage of assets. Yet if you remember, plan sponsors were going to terminate their plans or only hire the cheapest providers out there because of the fee disclosure regulations.
It’s 5 years since the fee disclosure regulations and the sky that was supposed to fall, didn’t. The retirement plan industry did what it always did with change, it adapted. Keep that in mind when chicken little tells you the sky is falling.