Any retirement plan sponsor who has a participant who is not an owner or a relative needs to hire a financial advisor to assist the plan fiduciaries in the selection of investments, the drafting of an investment policy statement, and investment education. A good financial advisor will be less about return and more about helping the plan fiduciaries manage the investment process. This article lets plan sponsors why they need a financial advisor for their plan and how to spot a good financial advisor to work with.