How Vendor Searches Go Wrong

Plan sponsors often approach vendor searches with the best intentions and the wrong priorities. The most common mistake is treating the process like a shopping exercise instead of a fiduciary decision. Fees matter, of course. Nobody wants to overpay for recordkeeping or advisory services. But when cost becomes the dominant factor, sponsors often end up buying the retirement plan equivalent of the cheapest airline ticket, only to discover later that baggage, legroom, and arriving at the... By: Ary Rosenbaum - The Rosenbaum Law Firm P.C.