Retirement plan fees can be difficult for clients to understand. Revenue sharing in particular can be tricky and, even when understood, can be viewed as deceptive.
When mutual fund companies share a portion of participant fees with the plan’s provider, it’s known as revenue sharing. These fees are often not disclosed to participants, and can result in participants paying higher fees based on their fund selections.
Nationwide ClearCredit® has no hidden fees
Nationwide ClearCredit® is a feature of the Nationwide Retirement Flexible Advantage Program that passes all revenue share back to the participant. This means participants are free to choose any of the funds in their plan without worrying about paying hidden fees to the plan provider.
Other benefits of Nationwide ClearCredit
In addition to ensuring fair and transparent fees, ClearCredit also:
- Keeps recordkeeping fees consistent across participants, regardless of which funds they choose
- Credits participants daily