Lies that 401(k) Plan Providers May Tell You

Ary Rosenbaum - The Rosenbaum Law Firm P.C.
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I’m a huge fan of Fleetwood Mac (the Stevie Nicks-Lindsey Buckingham years) and was able to see them twice on their last tour. One of my favorite songs of theirs is Little Lies. Christine McVie, who never gets the credit she deserves as a singer is the lead singer on this song with Stevie and Lindsey as backup. Christine sings: “tell me lies, tell me sweet little lies.” As a plan sponsor looking at your current or prospective plan providers, some of them may tell you lies that they want you to believe. As a plan sponsor, it’s hard to distinguish the truth from the lies, so this is what this article is all about.

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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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