The best person for the job doesn’t always get it

Ary Rosenbaum

Ary Rosenbaum - The Rosenbaum Law Firm P.C.

You know the feeling, you’re competing for a retirement plan and you’re fairly confident that you are the best person for the job. Yet when the choice is made, you’re not picked and someone who won’t do as good as a job as you would get it.

On paper, decisions should be easy. We all have a belief that the best person should get the job. However, there is a thing called reality. While you might be the best provider to be hired, the ultimate decision-maker is a plan sponsor whop may not understand what they need to find in a plan provider. People are strange beings because many times, they defy logic. There are so many things that go into decisionmaking and there are several nuances that we can’t anticipate. Maybe one of the providers is related to a decisionmaker, maybe a plan provider and a decisionmaker belong to the same social club, Whatever the reason is, you will never get the insight as to why you weren’t picked and a lesser capable provider was.

I have a saying that you explain irrationality from a rational viewpoint. Just grin and bear the bad news. Ultimately, you will find plan sponsors that are more rational in picking plan providers.

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Ary Rosenbaum, The Rosenbaum Law Firm P.C. | Attorney Advertising

Written by:

Ary Rosenbaum

The Rosenbaum Law Firm P.C. on:

Reporters on Deadline

"My best business intelligence, in one easy email…"

Your first step to building a free, personalized, morning email brief covering pertinent authors and topics on JD Supra:
*By using the service, you signify your acceptance of JD Supra's Privacy Policy.
Custom Email Digest
- hide
- hide

This website uses cookies to improve user experience, track anonymous site usage, store authorization tokens and permit sharing on social media networks. By continuing to browse this website you accept the use of cookies. Click here to read more about how we use cookies.