At the Philadelphia offices of the Eisenhower Fellowships, the 21-member staff is too busy preparing leaders of the future - in the mold of the late president and military leader - to spend much time thinking about the organization's retirement plan.
For years, the nonprofit's employees were offered a retirement plan that was populated by middling investment choices with high fees. But recently, the trustees took a good hard look at how the 403(b) plan was managed and were shocked to learn that employees were paying between 2% and 3% of assets in fees, not to mention surrender charges of up to 5% for some accounts.
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