My wife and I love a good bargain. We both know that any price ending at 97 cents at Costco is a discount. A lot of our vacations around the country include visiting different Costcos to see the variety of items and the regular items on sale or clearance. My wife and I are excellent shoppers because we are savvy shoppers. We like a good bargain and it’s about value, getting something in quality that is on sale. Why buy something at retail price, when you can get it in a few weeks at 30% less? As a plan sponsor, you have a fiduciary responsibility to find a bargain when it comes to picking a plan provider, but you may increase your potential liability by picking providers just because they are cheap. This article is about why you shouldn’t pick a plan provider just based on them offering a low price.
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