MSCS equips you with the tools and resources to: Control the profitable relationship between your clients and their investments; Accurately account for and increase service fees available from the funds to offset client costs; Reduce operation expenses through automation. MSCS: Recapturing Fund Fees MSCS equips institutions with the tools and resources for proactively managing and recapturing fund fees, when appropriate. MSCS offers fee recapture opportunities to offset client expenses through: Competitive fund compensation arrangements. Administrative and relationship support. MSCS gives your business the flexibility it needs. We have established agreements with hundreds of mutual fund companies to receive shareholder servicing fees. This revenue can be used by the plan to offset service fees as well as the other plan costs, helping Sponsors effectively manage their plan expenses. Alternatively, brokers can be named on plan accounts to receive commissions directly from the funds with which they have negotiated selling agreements. Why this is important to you AND your clients: The amount of 12b-1 fees that shareholders pay through mutual funds has risen from a few million dollars in the early 1980s to more than $10 billion in 2004 (Figure 2).