Trust is one of the most important facets of my life. As you know, trust is the willingness of one party (the trustor) to become vulnerable to another party (the trustee) on the presumption that the trustee will act in ways that benefit the trustor. I always say that if I don’t trust you, you serve no purpose to me and that’s probably because when I was younger, I was betrayed far too many times (that’s my insecurity to bear). As a 401(k) plan sponsor, you need to trust your Third Party Administrator (TPA) and there are some signs when you can’t.
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