In his inaugural address in 1933 amidst the Depression, Franklin Delano Roosevelt said that the only thing we had to fear was “fear itself”. 1933 predates ERISA by 40+ years, so FDR clearly didn’t understand the dilemmas of being a retirement plan sponsor. Even today, too many plan providers and too many professionals who have no background in retirement plans calmly tell retirement plan sponsors that the issues regarding fiduciary liability are overblown because they rarely affect retirement plans of similar size. While Chicken Little isn’t telling plan sponsors that the sky is falling, there are enough issues out there that retirement plan sponsors can clearly avoid by reviewing their plans and hiring retirement plan providers that take great care of them. This article is about the actual fears that retirement plan sponsors should anticipate and how good practices can help minimize the threat of those fears.