For almost 10 years, we’ve had fee compression in the retirement plan industry.
The question is whether the two-headed monster (inflation and consolidation) means that we will see an increase in pricing?
Time will tell. I don’t think inflation will be tamed so quickly, thanks to a Fed that was slow on increasing the prime interest rate. Consolidation has cut back on the competition, which should see an increase in pricing, but that hasn’t exactly materialized.