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Products September 21, 2007
The Standard Offers Fee Education to Participants
The Standard is making a new fee education campaign available to employees of its retirement plan clients.
Reported by Rebecca Moore
“Getting the Most from Your Plan: a Participant’s Guide to Retirement Plan Fees,’ describes the services covered by retirement plan fees, with examples and illustrations, a company announcement said. The guide also educates participants about the potential negative effects and costs associated with taking loans and early withdrawals from their retirement plan.
“Understanding how plan fees work, their impact on investment earnings and how to avoid or eliminate some fees are all critical to becoming an informed investor,” said Sheri Fitts, director of communications and large case sales, in the announcement.
Earlier this year, The Standard created a similar educational campaign for plan sponsors, entitled “A Plan Sponsor’s Guide to Retirement Plan Fees.’
Both the plan sponsor and plan participant guide are available for viewing or downloading by visiting retirement.standard.com.