Sponsors of 401(k) plans are determined to get their plans back on track in 2010 to avoid future market pitfalls, starting by taking a hard look at investment offerings and fees, Callan Associates found in its 2010 Defined Contribution Trends Survey.
In 2009, plan sponsors carefully monitored and evaluated fund performance, increased communications to calm participants’ fears about the market decline and reviewed expenses. In fact, they said reviewing plan related-expenses was the most important fiduciary action they took over the past year.
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