When I worked at a semi-prestigious law firm, one of the named partners (whose son is a Congressman who was kind enough to offer me a cannoli at a Knicks-Clippers game a few years ago) asked me what my practice was. I told him it was ERISA, said he said didn’t know anything about it and walked away. Most people who ask me what I do in practice pretty much have the same response and walk away. There is nothing wrong about that. The problem that I’ve always had with clients and potential clients are the ones that think they know something about retirement plans and don’t. So this article is about the dangers of retirement plans that plan sponsors who have no experience in the retirement plan world don’t understand.