CNN has a biased list

Ary Rosenbaum - The Rosenbaum Law Firm P.C.
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Ary Rosenbaum - The Rosenbaum Law Firm P.C.

CNN.com had an article on the best 401(k) plan providers which I found on a Google search for 401(k) plans.

All I can say is this was a list developed by someone who never sponsored a 401(k) plan or worked on one. It was geared towards large providers, some good ones (Empower and Fidelity) and some bad ones (one of those payroll companies). If you’re a large plan, the list wasn’t bad. If you’re a small plan, many of these providers won’t give you the time of day.

When speaking about cars, I ask my mechanic, Ralph. If I had a 401(k) plan provider question, I’d ask an advisor or somebody else in the business.

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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