Fee Transparency

Are you confident you know all of the expenses of your current 401k plan?

The recent flurry of lawsuits alleging breaches of fiduciary duty have centered on the answer to that question. Unfortunately, due to the pervasive practices (revenue-sharing, 12(b)1 fees, sub-transfer agency fees, etc.) of the retirement plan industry, many plan sponsors are not confident in their knowledge of the total expenses of their plans. Yet the Employee Retirement Income Security Act (ERISA) clearly states that plan sponsors have a duty to understand fees and expenses and to ensure that those are reasonable.

With Green Wealth Management, you will never have a doubt about your fees and expenses. As a fee-only investment advisory services provider, we do not accept revenue-sharing of any kind. We are compensated only by you as our client, and we provide a clear accounting of all fees and expenses so that you can be confident in fulfilling your responsibilities to plan participants.