Don’t Fall For These 401(k) Plan Provider Gimmicks

Ary Rosenbaum - The Rosenbaum Law Firm P.C.
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A “sales gimmick” is a term that refers to a method a business employs to immediately generate demand for its product or service. I just bought Fan Fest tickets 6 months in advance because they were giving me a $30 merchandise credit. Buying tickets or clothing on a gimmick is fine, it’s your money. Yet if it concerns your 401(k) plan and third-party administration (TPA) services, your fiduciary responsibility precludes you, from falling for it.

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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. Attorney Advertising.

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

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Ary Rosenbaum - The Rosenbaum Law Firm P.C.
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