One-third of sponsors of plans with 50 to 200 participants admitted to not knowing if revenue-sharing agreements were in force, and more than 25 percent of sponsors of plans with 200 to 1,000 participants said they were unaware. (Photo: Shutterstock)
Many sponsors of 403(b) defined contribution plans remain in the dark on how retirement plans are administered and paid for, in spite of a bevy of high profile fiduciary lawsuits against elite universities.
According to a Plan Sponsor Council of America survey, more than 30 percent of non-profit sponsors don't know if they use revenue sharing to pay for plan administration.
Recommended For You
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.