Whether it’s a business or personal relationship, we start with the best of intentions that it will last a long time. Unfortunately, some relationships need to end and you need to recognize it and the courage to end than rather prolong something that is no longer good. As a retirement plan sponsor, you have to recognize when to end relationships with your plan providers because prolonging these bad relationships will only increase your potential liability as a plan fiduciary. So this article is about when you should fire your retirement plan providers.
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