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Resolution of Excessive Fees and Reduction of Fiduciary Risk
A Hospital client with approximately $40 million in assets was utilizing the bundled defined contribution investment and recordkeeping platform of a prominent insurance company, had not received competitive bids for many years and was concerned that fees might not be competitive. The Hospital retained Cowden Associates, Inc. (“Cowden”) to perform an independent review and if appropriate solicit competitive bids and recommend alternatives for considerations. Read more

