Sometimes you run across an article that takes the words right out of your mouth. This is definitely one of those! I am asked all of the time if payroll companies are a major competitor of mine. Not really, but I do get a lot of business from them! The attached article does a great job of stating all of the reasons why you should not have your payroll company administer your 401k plan. We should all stick to what we are truly good at.
~ Vicki Prenger, CFP™, QPA