An advisor called me up and asked whether it was appropriate if an auditor charged an asset-based fee for the audit. I didn\u2019t say no, but I question the reasonableness as to why an auditor would charge more for an audit of a larger asset-sized plan.<\/p>\n
To me, an audit is an audit, one audit fits all. I don\u2019t charge extra for my plan document for larger plans. The advisor said a larger plan does have potentially more liability, but I always think that\u2019s what malpractice insurance is for. To this day, I still don\u2019t know why non-producing third-party administrators charge an asset-based fee. My point is that unless you handle assets, an asset-based fee isn\u2019t appropriate, but that\u2019s just my opinion.<\/p>\n
<\/span><\/p>","protected":false},"excerpt":{"rendered":" An advisor called me up and asked whether it was appropriate if an auditor charged an asset-based fee for the audit. I didn\u2019t say no, but I question the reasonableness as to why an auditor would charge more for an … Continue reading