Archive for February, 2015

The Company You Keep

The most important duty of a plan sponsor, in my opinion, is selecting and monitoring service providers. Often times, the plan sponsor will seek a new provider through the advice of a professional they currently work with or look at another division of a business they are currently working with. The decision needs to put strong emphasis on the potential provider’s competence over price or familiarity alone. I have been surprised how often good professionals surround themselves with individuals that are unethical or lacking the necessary experience, education, or credentials to get the job done. It would behoove many professionals to consider the overall impact of the company they keep, but the ramifications of the decision lies with plan sponsor. The cost of a bad provider is far more than the dollars paid to them and the inconvenience of fixing their errors.

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February 3, 2015 at 12:24 pm Leave a comment

Christine Gurney

A pension professional who shares her thoughts and ideas about the pension world for industry members and anyone else interested.


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