When Good 401(k) Plan Providers Stumble

Ary Rosenbaum - The Rosenbaum Law Firm P.C.
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I’m a fan of business history. There are so many successful businesses that eventually stumble and fail. I remember when Sears was such a huge factor in retail sales and it’s at death’s door. Other successful companies have been dead for a while, such as Montgomery Ward, Blockbuster Video, and Toys ‘R Us. There are many great plan providers that eventually go bad and are headed for a long-term goodbye. The problem is there are certain characteristics that you can see a mile away, but they can’t. These are some of the ways where a good plan provider stumbles and becomes a bad provider.

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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.

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