Picking a retirement plan is like picking a suit, a company that wants to put one in place has to pick one and then tailor the retirement plan to fit. When a company decides that they want to put a retirement plan in place, it’s almost like trying to buy a new car because there are so many choices to make. A company needs to look at several factors to determine what type of retirement plan they want to offer, as well as the goals of the plan they wish to implement. Too many plan sponsors put retirement plans in place without knowing the consequences and costs, whether it’s for liability concerns or for the company’s bottom line. The retirement plan that a company wants to put in place has to be the right fit because if it doesn’t fit correctly, the plan sponsor may either leave money on the table or risk its financial health in running it. This article is a blueprint on what plan employers should consider when they are deciding to create a retirement plan for their employees.