Has your client just cleaned up its fiduciary practices but still has prior period issues that leave them exposed to regulators and lawsuits?
There has been considerable clean-up in the retirement service sector in the past few years, but employers continue to get sued for the sins of their past. Hiring competent retirement plan advisors who have reasonable fees does not completely solve the problem of prior year excessive fees. Many employers continue to have material liability exposure for these periods. We have tools for managing these risks.