When I was dating my wife, she asked me if I had a good credit score and I said I did. I never checked my credit score, but I paid all my bills in full and on time. Of course, when I got a copy of my credit report, my credit score wasn’t so great because that credit card account that I opened in college with my mother had a $17,000 balance that I wasn’t aware of since I didn’t use the card for about 9 years. My wife was upset because she thought I made an affirmative statement without really knowing the actual truth. Plan sponsors do that all the time when they tell retirement plan providers that their 401(k) plan is OK without having any background or information to make that affirmative statement. Plan sponsors can claim that their 401(k) is fine, but that doesn’t mean that’s true. So this article is to show 401(k) plan sponsors the idea that their plan is in good shape may not be grounded in reality.