When we were children, our mother told us stories that we believed to be true because we always believed what our parents were telling us was the truth. Part of growing up is realizing that a good chunk of what your mom told you was wrong either because she believed an urban legend or because she wanted to pull a fast one over on you. So I know now that shaving won’t make my facial hair come back thicker and I won’t get a cold because I wasn’t wearing a jacket outside. The same can almost be said about retirement plans where plan providers trying to solicit your business will tell you some “facts” about your plan that is either based on a misconception about retirement plans or an outright lie. So this article will try to advise plan sponsors on when to chalk up potential plan provider talk as just a “lie”.