I have very strong opinions on the retirement plan business and that might be a reason I’m not asked to speak at many events, but it is, what it is. My opinions are shaped by my experiences and that includes over 22 years as an ERISA attorney. If I think payroll provider third-party administrators (TPAs) aren’t good, that is going to be different than the opinion of someone who works for one of these TPAs. My opinion isn’t wrong and neither is theirs.

Opinions are opinions. They are only wrong if they’re based on inaccurate facts, like the folks who all of a sudden became epidemiologists during this pandemic or those plan sponsors who swear they’re paying nothing for administration. People are entitled to their opinions, they are not entitled to their version of the facts.