Uncovered 47% in excess plan fees

Case Study: Manufacturing Company

Industry: Precision Manufacturing
Employees: 180
Problem: The company had a legacy 401(k) plan with actively managed mutual funds and revenue-sharing agreements buried in the expense ratios. No recent benchmarking had been done, and the CFO was concerned about fiduciary liability exposure.
Result: We uncovered 47% in excess plan fees. The company restructured to a lower-cost institutional share class lineup and renegotiated recordkeeping fees, saving $128,000 annually.