When it comes to the retirement plan industry, financial advisors have enough on their plate. Developing an investment policy statement, developing an investment option lineup, or conducting participant education isn’t easy. They don’t need to become retirement plan experts, but they should be aware of some very basic concepts on how the industry works in order to stand out among their competition as well as augmenting their client’s overall retirement plan experience. It is my belief that better educated retirement plan advisors will help create better retirement plans. This is why my law practice is heavily concentrated on helping advisors with their current and potential retirement plan clients. Hopefully, this article will further help retirement plan advisors understand basic retirement plan concepts that can help them develop and maintain their retirement plan book of business.