In this episode of Friday Fiduciary Five, Eric Dyson discusses why advisors should include recordkeeping searches in their base pricing, conducted every three to five years as recommended by the Department of Labor. He explains that this approach would simplify the process for plan sponsors, who often lack the expertise to perform these searches themselves. Dyson recommends incorporating the cost of these searches into annual advisory fees, which could help lower expenses for clients who need the service regularly. He emphasizes that this decision should be made on a case-by-case basis, depending on factors such as whether the plan sponsor already covers the cost.

Connect with Eric Dyson:

Website: https://90northllc.com/

Phone: 940-248-4800

Email: [email protected]

LinkedIn: https://www.linkedin.com/in/401kguy/

The information contained herein is general in nature and is provided solely for educational and informational purposes.

It is not intended to provide a specific recommendation of any type of product or service discussed in this presentation or to provide any warranties, financial advice, or legal advice.

The specific facts and circumstances of all qualified plans can vary, and the information contained in this podcast may or may not apply to your individual circumstances or to your plan or client plan specific circumstances.