Retirement plan fiduciaries are held to a higher “expert” standard of care and prudence. Fiduciaries must be knowledgeable about the precise fees and costs that plan service providers are charging against plan assets. Over the past five years plan fiduciaries have witnessed ever–increasing duties to request, monitor, evaluate, and disclose plan fees, including hidden fees and indirect fees. In addition, fiduciaries must exercise care and prudence when determining retirement plan investment options. If retirement plans have co–fiduciaries and allow brokerage–type investing, our attorneys can assist with legal strategies to minimize liability exposure. Generally, fiduciary exposure includes joint, several, and personal liability.