Excessive Fee Suits: An Ounce of Prevention

An ounce of prevention is worth a pound of cure, it is said. In MarketBeat, John Iekel writes about a blog entry that argues that even a diligent process for selecting a plan administrator and for monitoring the administrator and investments will not prevent being sued for excessive fees—far more effective, it says, is to examine such lawsuits to get a look at the risk factors and make changes to avoid those pitfalls.