MFS Retirement Services changed the fee structure of its defined contribution business. The firm removed perceived conflicts of interest and will ensure that commissions paid to dealer firms and their financial intermediaries using MFS mutual funds are the same as commissions paid when they use different fund families.
MFS also said it would provide plan participants with an estimate of their actual expenses on their quarterly statements. The firm also created five R-class shares, which allows smaller plans - with assets ranging from $1 million to $100 million - to pay less than larger plans.
