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CFO Magazine quotes Blue Prairie
Group Managing Director
Matt Gnabasik in their May issue.
The topic? The growing rebellion
against long-opaque cost structures in the 401(k) marketplace.
Read about how this growing rebellion
is helping plan sponsors drive down costs:
Drawing a Bead on Cost
By
Randy Myers
CFO
Magazine
May
08, 2006
A small but growing band of
employers is fueling a rebellion against long-opaque cost structures
in the 401(k) plan market. Working with pension consultants to
ferret out esoteric expenses, these plan sponsors are dissecting fee
arrangements. Where the assets at stake are big enough to provide
negotiating leverage, the sponsors are squeezing vendors for
more-attractive deals...
Gnabasik says his clients'
plans - with assets typically between $20 million and $500 million —
are saving hundreds of thousands, even millions of dollars, over
five-years through portfolio redesign and revenue-recapture
programs...
Full Article |