As discussed in my newest book, \u201cThe Greatest 401(k) Book Sequel Ever\u201d, I\u2019m still amazed at my interaction with \u201crenowned\u201d ERISA fiduciary expert turned convicted thief Matt Hutcheson. It\u2019s no a great episode in my career because I didn\u2019t want my name to be in the same sentence with him. Yet I did.<\/p>\n
So I\u2019m surprised to hear of plan providers that may be affiliated with other plan providers where the principals have less than sterling reputations. An Aerosmith said it best in the B-Side \u201cDon\u2019t Get Mad, Get Even\u201d (a message I support): \u201cWhen you sleep with the dogs, you wake up with the fleas.\u201d Your reputation is everything, so I think it\u2019s an absolute mistake to be involved with other providers that will hurt your brand with that affiliation.<\/p>\n
As I said in a book, you can build a reputation over a lifetime and lose it all in a minute.<\/p>\n
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