Why You Shouldn’t Hire Your Payroll Company to Run Your 401(k) Plan

Would you ask a bank teller for investment advice? Probably not. Just because the teller works in “finance” doesn’t mean they know anything about investing. The same rings true for payroll companies; just because they are in a similar field as retirement plan professionals doesn’t mean they know all the ins and outs of qualified retirement plan administration. Here’s an interesting article that tackles this subject: http://www.jdsupra.com/post/documentViewer.aspx?fid=54da4e53-cc51-4416-97ce-ce6d90fc2d46

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