Putnam Investments will reveal all of the fees in the defined contribution plans it manages through a new sponsor website that launches next month.
There, employers will see, in real dollars rather than percentages, all of the fees charged in their 401(k) -- including investment management, servicing/advisory fees and recordkeeping fees. The asset management fees will also be differentiated from servicing charges, and Putnam will also reveal all of the revenue paid to asset management firms on the DC platform.
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