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Control can be everything

I believe selling Pooled Employer Plans to those with existing plans, can be tough. Cost savings may be minimal, but I don’t think many plan sponsors may be aware of the reduction in liability by no longer being fiduciaries.

Even if you get through with them on the reduction in liability, I still believe many plan sponsors won’t join, simply because they don’t want to give up control. I say that as a control freak.

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