Description: As a plan sponsor, you should have a thorough understanding of its cost, which can include costs to your firm as well as costs to your participating employees. There are several types of fees a retirement plan provider can use to collect revenue. All of these fees can quickly add up to thousands of dollars, which can erode the profits of your law firm, and negatively impact an employee’s retirement savings. In this presentation, the ABA Retirement Funds Program takes you through a series of useful steps to help you better understand what your current 401(k) may be costing you and your firm.
Speaker: Catherine Sanders Reach, Director, Law Practice Management & Technology, Chicago Bar Association